Highland Gold Mining Ltd. reported operating results for the second half and year ended December 31, 2013. For the second half, a total of 76,263 ounces of gold was produced in line with the company's targets. Process plant throughput amounted to 657,527 tonnes of ore, while the recovery rate remained strong at 92%. The plant's cyanidation process was improved through the installation and commissioning of a mechanical agitator. Mined volumes, from both open-pit and underground operations, increased to 811,811 tonnes in H2 2013, thereby exceeding volumes achieved during first half of 2013 by 33%. Production in second half amounted to 44,727 oz of gold equivalents which represents a solid 22% increase compared to the first half of the year. An upgrade of the milling circuit during the period served to increase efficiency. Average processed grades were 25% higher compared to second half of 2012 and 14% higher compared to first half of 2013. This increase was in line with the mining plan and was achieved following the successful completion of the required development work. Underground development totaled 3,993 metres with full year 2013 development exceeding the comparable figure for 2012 by 14%.

For the year, Production of gold and gold equivalents rose 8% to a record 233,696 oz. This encompassed the respective outputs of the Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora mines; 35,000 metres resource conversion drilling completed at Kekura on schedule.

For the year ending December 31, 2014, the company expects its production to increase to between 300,000 - 320,000 oz of gold and gold equivalents.

The company announced the appointment of Colin Belshaw as an Independent Non-Executive Director. Mr. Belshaw has held numerous operating and corporate positions, including responsibility for Kinross Gold Corporation's Kubaka and Birkachan mining operations in Russia. Following the expiry of Brent Horochuk's contract with the company as Chief Operating Officer since 2009. Yury Ryabov, who joined the company in 2009 as Technical Director, has been appointed First Deputy Chief Executive Officer.