Highland Gold Mining – Half Yearly Report

Highland Gold Mining Limited (LON:HGM) announced its production and financial results for the half year ended 30 June 2010.

The press release is quoted as saying:

Group gross profit of US$43.2 million, a 50.6% increase compared to H1 2009 (US$28.7 million). In spite of a stronger rouble total cash costs at MNV were contained and amounted to US$489/oz (H1 2009: US$478/oz). Group EBITDA increased by 71.3% to US$46.7 million (H1 2009: US$27.3 million). Cash, short term deposits and bonds at 30 June 2010 were US$216.5 million.

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