North gold

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Nord Gold BV

logo
legal form BV
ISIN US65557T2050
founding 2007 (as Severstal Gold), renamed Nordgold 2012
Seat Amsterdam , NetherlandsNetherlandsNetherlands 
management Nikolai Zelenski (CEO)
sales US $ 1.216 billion
Branch Mining
Website www.nordgold.com
Status: 2014

Nord Gold is a gold mining company operating under Dutch law with its headquarters in Moscow . It is listed on the London Stock Exchange (LSE). Only about 10% of the shares are in free float. The main shareholder (and owner) is the Russian billionaire Alexei Mordaschow with approx. 90% stake. The management holds approx. 1% of the shares. With a gold production of 984,500 oz , Nordgold ranked 15th among gold producing companies in 2014. 9 mines are operated in Russia, Burkina Faso, Guinea and Kazakhstan.

history

Nordgold was initially created under the name Severstal Gold as a subsidiary of the Russian steel producer Severstal , which also belongs to Mordaschow.

In early 2007 Severstal acquired the Suzdal and Sherek mines in Kazakhstan, as well as the Aprelkowo and Neryungri mines in Russia. Other mines - Balashal (Kazakhstan), Irokinda, Sun-Cholba and Beresitowi (Russia), Taparko and Bissa (Burkina Faso) - were acquired in 2008. The Lefa mine in Guinea was added at the beginning of 2011. The Bissa mine started production in 2013.

Nordgold was then spun off from Severstal as a public company in 2012 and listed on the London Stock Exchange.

production

SURNAME country PROPORTION OF PRODUCTION 2014
in oz		 RESERVES (P + P)
in 000 oz		 AISC
in US $
Aprelkowo RussiaRussia RUS 100% 31,700 169 $ 1,094
Berezitovi RussiaRussia RUS 100% 122,800 644 $ 713
Bissa Burkina FasoBurkina Faso BFA 100% 250,700 1,675 $ 570
Buryatsoloto (Sun-Cholba) RussiaRussia RUS 100% 119,700 464 $ 992
Lefa Guinea-aGuinea GIN 100% 205,100 2,600 $ 1,133
Nerjungri RussiaRussia RUS 100% 65,900 312 $ 855
Suzdal KazakhstanKazakhstan KAZ 100% 76,800 700 $ 868
Taparko Burkina FasoBurkina Faso BFA 100% 112,000 578 $ 919
total 985,000 $ 887

Source: Nordgold annual report 2014

credentials

  1. ↑ Management
  2. ↑ Annual Report 2014. Accessed January 10, 2016 . (English)
  3. ↑ Ownership. Retrieved January 10, 2016 . (English)
  4. ↑ Further key figures on Nordgold. Retrieved December 29, 2015 .
  5. ↑ Nordgold history. Retrieved January 10, 2016 . (English)
  6. ↑ russia-north-gold-to-list-gdr-on-lse-soon. (No longer available online.) Archived from the original on January 14, 2016 ; accessed on January 10, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English) @1@ 2Template: Webachiv / IABot / www.bullionstreet.com
  7. ↑ Further key figures on Nordgold. Retrieved January 10, 2016 .