Appointment of Chief Operating Officer

11 March 2020

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today announces the appointment of Mr Michael Monaghan as Chief Operating Officer, to be based at the Company’s Moscow management office Russdragmet LLC. Mr Monaghan will be responsible for overseeing day-to-day operations at all of Highland Gold’s production and development assets.

Mr Monaghan is a mining engineer with over four decades in the industry. His management experience covers both underground and open pit operations across a number of commodities as well as commissioning, mine management, turnaround management, and environmental and safety compliance in Australia, Africa, Asia and Europe. He most recently served as Mining and Technical Director for Russia-based Nordgold LLC. Prior to that, he held senior management positions at Akara Resources (a subsidiary of Kingsgate Consolidated) in Thailand, AngloGold Ashanti in Tanzania, Etruscan Resources in Burkina Faso, and Redback Mining in Ghana.

Mr Monaghan holds a graduate diploma in mining engineering from Ballarat University College and a business diploma in frontline management from RTO Perth Western Australia, and has completed an executive development programme at the University of Virginia’s Darden School of Business. He is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and of the Australian Institute of Company Directors (MAICD). 

Denis Alexandrov, Chief Executive Officer, said: "We are pleased to welcome Michael and his extensive international mining industry experience to our management team at Highland Gold. His track record of designing operations and management systems and implementing best practices in mining and health & safety across a range of enterprises will be invaluable to the Company as we enter a new phase of growth and development.”



Highland Gold Mining Ltd.

John Mann, Head of Communications

+ 7 495 424 95 21

Duncan Baxter, Non-Executive Director

+ 44 (0) 1534 814 202

Numis Securities Limited

(Nominated Adviser and Joint Broker)

John Prior, James Black, Paul Gillam

+44 (0) 207 260 1000

BMO Capital Markets Limited

(Joint Broker)

Tom Rider, Pascal Lussier Duquette, Neil Elliot

+44 (0) 207 236 1010

Peat & Co

(Joint Broker)

Charlie Peat

+44 (0) 207 104 2334