Highland Gold Mining Limited announced operating results for the first quarter ended 31 March 2018. The company announced that total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in first quarter of 2018 of 59,311 oz of gold and gold equivalent, down 9% from 65,243 oz in first quarter of 2017.

The company affirmed production guidance for the full year of fiscal 2018. The company affirmed its forecast for total production of gold and gold equivalent of 265,000-275,000 oz for the full year.