London, United Kingdom, 22 May 2017 - Nord Gold SE (“Nordgold” or the “Company), the internationally diversified gold producer, announces its unaudited financial and operating results for the first quarter ended 31 March 2017.
In our first set of quarterly results since we completed our de-listing, we have delivered a solid performance, continuing to build upon a strong second half of last year. Higher production, combined with lower costs and the better gold price, lead to a rise in profitability for the period. The successful launch of Bouly, our third mine in Burkina, has been a key production driver reinforcing our proven ability to identify, develop and operate new mines. As we emphasised at the time of our de-listing, we remain committed to transparency, strong corporate governance and regular reporting of our business. We also continue to pay dividends in line with our policy. Looking ahead, we are on track to achieve our production and cost targets, while construction of our new Gross mine progresses according to the budget and schedule. Nikolai ZelenskiChief Executive Officer of Nordgold
(1) For detailed definition of the normalised EBITDA, please see Non-IFRS Financial Measures.
(2) For detailed definition, please see Non-IFRS Financial Measures.
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