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.
on TradingResearchPoint | Comments