Amsterdam, May 16, 2012 - at 07:00 BST (10:00 AM Moscow time) on May 18, Nord Gold N.V. (Nordgold, LSE: NORD) will announce its financial results for the first quarter of 2012.
Alexey Shchedrin
Head of Financial Communications and IR
Phone: +31 20 406 4480
E-mail:alexey.shchedrin@nordgold.com
Sergei Loktionov
Media Relations
Phone: +31 20 406 4480
Mobile: +7 916 800 1409
sergei.loktionov@nordgold.com
Nordgold was established in 2007 as the gold producing division of OAO Severstal and has since developed into a leading, internationally diversified gold producer, with a strategic focus on emerging markets. On 19 January 2012 Nordgold was spun-off from Severstal and commenced trading as an independent public company via a listing of GDRs on the London Stock Exchange.
Nordgold has achieved rapid growth both organically and through acquisitions, increasing production from approximately 21 koz in 2007 to 754 koz in 2011, a CAGR of 145%. In 2011, the Company produced half of its output outside Russia, highlighting the Company’s increasingly global footprint.
Nordgold now boasts a diverse portfolio of high quality producing assets. The company’s portfolio consists of eight producing mines, two development projects, five advanced exploration projects and a broad portfolio of early exploration projects and licences. The Company’s operations are located in the Russian Federation, Kazakhstan, Guinea and Burkina Faso.
The Company expects to maintain its strong growth profile, with a production target of over 1 moz from its operating mines and development projects by 2013.
