Highland Gold profit up 37% to $66m

London-listed company Highland Gold on Tuesday posted a 37% increase in its net profit for 2017, as above-guidance production boosted revenue, costs were controlled and no impairment losses were reported. The company, which mines in the Khabarovsk, Chita and Chukotka regions of Russia, increased its net profit to $65.9-million in the year ended December 2017, compared with $47.9-million in 2016, when it recognised an impairment of $22.8-million in relation to the Belaya Gora mine.