Highland Gold Mining Limited reported audited earnings and operating results for the year ended December 31, 2017. For the period, the company reported production (gold and gold eq.) of 272,274 oz against 261,159 oz a year ago.

For the period, the company reported revenue of $316,682,000 against $305,901,000 a year ago. Operating profit was $102,202,000 against $69,361,000 a year ago. EBITDA was $155,275,000 against $162,491,000 a year ago. Net profit was $65,855,000 or $0.201 per share against $47,909,000 or $0.145 per share a year ago. Net profit before impairment losses was $65,855,000 against $70,741,000 a year ago. Net cash inflow from operations was $130,990,000 against $139,299,000 a year ago. Capital expenditure was $58,336,000 against $59,349,000 a year ago. Net debt was $198,320,000 against $205,465,000 a year ago.

For the year 2018, total production of gold and gold equivalent is expected to be in the range of 265,000-275,000 oz.