Support The Moscow Times!

Highland Gold H1 Down

Gold miner Highland Gold reported a decrease in first-half net profit to $45 million from $70.30 million a year ago due to a higher cost of sales, the company said in a statement Wednesday.

The company, which produces gold in Russia, decreased its earnings before interest, taxes, depreciation and amortization 25.4 percent to $65.70 million from $88.10 million a year ago.

Its EBITDA margin fell from 55.7 percent to 40.7 percent, respectively.

The company's revenue has seen a 2.1 percent increase to $161.50 million compared to $158.10 million for the reporting period.


Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more