Highland Gold Mining Limited (Highland Gold) is a Jersey-based company engaged in establishing a portfolio of gold mining operations within the Russian Federation. The Company operates in four segments: Gold production, Polymetallic concentrate production, Development and exploration, and Other. The Company�s operating mines includes Mnogovershinnoye (MNV), Belaya Gora and Novoshirokinskoye (NOVO). The development and exploration segment contains the entities which hold the licenses being in the development and exploration stage: Klen, Taseevskoye, Unkurtash, Lubov and Kekura. The other segment includes head office, management company, trade house and other companies. Its development projects consist of Astana, Bishkek, Taseevskoye, Khabarovsk, Vladivostok and Chita. The exploration projects of the Company are Lyubov, Iska, Unkurtash and Blagodatnoye.