1382 days ago
Highland Gold Mining (HGM) has updated on the second quarter of the year and affirmed full-year production guidance of “290,000-300,000 oz of gold and gold equivalent”…
4051 days ago
The April edition of Spreadbet Magazine is now live and is a gold special. My own contribution is a feature on Highland Gold (HGM)
You can download the magazine for free by hitting the image below
4105 days ago
Fox Davies has published a broker research report this morning on yesterday’s H2 production numbers from AIM listed Russian gold miner Highland Gold (LSE:HGM), a stock I also favour. The note is upbeat and reads:
“Highland Gold has released its production figures for the 2H of 2012. Production for the half was 106,185oz of gold equivalent, taking production for the full year to 216,885oz of gold equivalent.
This was a good performance from Highland, beating guidance
4106 days ago
AIM-listed, Russia producing gold miner Highland Gold (HGM) has published a calendar 2012 trading update which reads very well. There was an 18% increase in group wide production to a record 216,885 ounces of gold and gold equivalents, exceeding guidance estimates of 200,000-215,000 ounces. The shares have ticked up to 114.5p on the news capitalising the company at £372.5 million. I wrote a buy share tip, at 91p, shortly before Christmas so I am already partially vindicated. But this re-rating has a lot further to go.
4115 days ago
It is not often that I comment on broker’s notes as most are pretty worthless. Normally I post comment if I disagree violently or agree strongly. Which brings me to the VSA Resources note out today on Russian gold producer Highland Gold (LSE:HGM). The problem with gold is that it is usually found in dodgy places, Africa or Russia. Neither is exactly East Surrey in terms of political stability. VSA engaged in this debate. It writes:
4146 days ago
Like many junior miners, AIM listed Highland Gold Mining (HGM) has seen its share price decimated during 2012. The stock traded at 197p at the start of the year but now sits at 91p valuing the Russian based gold producer at just shy of £300 million. Indeed during the past few weeks as folks have worried that the great bull run in the gold price is about to end the shares have lost 20%. I do not think gold is heading lower. So is Highland a recovery buy or is the sell-off only just beginning? I sense we may be close to the bottom.
The material de-rating is down to a number of factors. The whole sector has been about as popular as the Jimmy Savile fan club during 2012 and it is hard to swim against such a tide. However having Barrick Gold dump its 20% stake in the company in April at 120p a share also spooked some investors. And there were operational issues thanks to inclement Russian weather (whatever happened to global warming?) and that impacted net income. But recent news is more positive.
