OREANDA-NEWS. Highland Gold Mining Limited announces its unaudited financial results and production figures for the half year ended 30 June 2014.

Financial & Operations
* Half-year financial results demonstrate the Group's ability to drive performance during a period of weaker gold prices
* The Belaya Gora plant, operating in ramp-up mode, helped deliver a 14% overall increase in Group production as compared to H1 2013. Total output of gold and gold equivalents was 120,121 oz
* Total cash costs decreased by 4% and All-in sustaining costs decreased by 1%, to levels near the median of Russian and international peers.
* Net Debt to EBITDA ratio maintained at the level of 2.0
* Interim dividend of ?0.025 per share (H1 2013: Interim dividend of ?0.025 per share)

Development and Exploration
* Work on improving production facilities at the Belaya Gora plant continued
* Klen project design documentation was finalised and formally approved
* International consultants nearing completion of a pre-feasibility study for the Kekura project

POST HALF YEAR EVENTS
* Acquisition of the North-Western Flank licence in July 2014 with the potential to deliver new resources at MNV
* New credit facility signed in September 2014 with UniCredit for US\\$50.0 million as reserve credit line.