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Rouble negates costs for Highland

Russia-focused gold miner Highland Gold (AIM:HGM) has broadly delivered on expected numbers for its financial year 2017, with a rouble under pressure making up for creeping cost inflation to leave the dividend unchanged against consensus.

Rouble negates costs for Highland Rouble negates costs for Highland Rouble negates costs for Highland Rouble negates costs for Highland Rouble negates costs for Highland

A softening rouble has helped limit the affect of rising costs for Highland Gold

As previously reported, production for the year was 272,000 ounces at a cash cost of US$507 per ounce, slightly higher than anticipated.