Highland Gold Mining agrees to sell Kayen for $15 million plus royalty

LONDON: Highland Gold Mining Limited has entered into an agreement for the sale of the Kayenmivaam (Kayen) licence for cash consideration of US$15 million plus a royalty. Kayen is an early-stage gold exploration property covering 1,214 square kilometres in the Chukotka region of Russia. Highland Gold received the licence as an add-on to the Valunisty…