Highland Gold Mining Limited (Highland Gold) is 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. Its operating mines includes MNOGOVERSHINNOYE, BELAYA GORA and NOVOSHIROKINSKOYE (NOVO). Its development projects consist of Astana, Bishkek, Taseevskoye, Khabarovsk, Vladivostok and Chita. Subsequently, it has 96.6% interest in Novo. In December 2012, it acquired a license for exploration and mining rights for the Western Flank, a 3.9 square kilometre property immediately adjacent to the Company's existing Mnogovershinnoye (MNV) mine operations. In April 2013, the Company announced the acquisition of 100% of CJSC Bazovye Metally.