Highland Gold Mining Limited Reports Audited Earnings and Operating Results for the Year Ended December 31, 2017; Provides Production Guidance for the Year 2018
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.