Highland Gold boosts 2011 EBITDA 30% to $157 mln
MOSCOW. April 24 (Interfax) - Highland Gold Mining plc boosted earnings before taxes, depreciation and amortization (EBITDA) 29.6% in 2011 to $157.1 million, the company, which has a portfolio of assets in Russia's Far East, said in a statement.
Sales revenue to International Financial Reporting Standards (IFRS) grew 23% to $300.2 million, and cash costs to $594/oz last year, from $513 in 2010.
Earnings per share fell to $0.319 from $0.176.
The company has said gold production fell 8% last year to 184,100 oz. Guidance for 2012 is unchanged at 200,000-215,000 oz gold equivalent.