London, United Kingdom, 25 May 2021 — Nord Gold plc (“Nordgold” or the “Group”), the internationally diversified gold producer, announces operating results for the first quarter ended 31 March 2021 and provides an update on ESG performance.
I am pleased to report a strong operational result in the first quarter, highlighting once again the combination of strengths that support Nordgold’s performance. These are driven by a committed workforce, geographically diversified portfolio of high class, well invested assets, complemented by a low cost, low risk development pipeline enhanced by our leading position in the highly prospective Gross region in Russia, all backed by a strong balance sheet. Our Gross expansion project is moving forward quickly with Phase 1 on track for completion by the third quarter and preparation for Phase 2 well underway. The feasibility study for the new Tokko project, also in the Gross region and set to be our next major mine construction, is also on track.
I am also pleased, as we begin the year, to provide a fuller update on our ESG performance. In particular, in March we announced our commitment to achieve net zero CO2 emissions by 2050 in support of the Paris Agreement, as well as a commitment to providing a full road map to net zero including interim targets at the full year results. We look forward to the rest of the year with confidence. Nikolai ZelenskiNordgold CEO
Head of Corporate Communications
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Nordgold is an internationally diversified one million ounce gold producer with about 7,800 people operating a portfolio of nine mines (in Burkina Faso, Guinea, Russia and Kazakhstan) and a number of development and exploration projects in West Africa, Eurasia and the Americas. Since its foundation in 2007, Nordgold has established a global reputation as a leading developer of tier one gold mining assets with a proven commitment to community engagement, sustainability, efficiency and operating in an environmentally responsible manner.