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Highland Gold Snapshot
Highland Gold wants to make its fortune in Russia. The company has mining operations in Russia, including its primary asset, one of the country's largest producing mines, Mnogovershinnoye (MNV). The company produces more than 150,000 ounces of gold annually. Highland Gold has two other properties, in the Chita region of Russia: the Novoshirokinskoye project, which entered production in 2009, and another that is in development. It also owns exploration projects in Russia and Kyrgyzstan. Barrick Gold is developing other deposits with Highland Gold. The mining giant owns 20% of Highland, while investment group Millhouse LLC (run by Russian billionaire Roman Abramovich) owns about one-third of the company.
