Nord Gold

Nordgold has signed a credit agreement with UniCredit Bank for $75 mln

Nordgold has signed an agreement with UniCredit Bank for the issue of a 3-year loan $75 mln, the company reports.

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Buryatzoloto made a net loss of 734 mln roubles in Q1 2017

Among the reasons of the fall of financial results Buryatzoloto names the expenditure for the repair of the gold mining plant at the Irokina mine.

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In Q1 Nordgold increases gold production by 14%.

Nordgold of the businessman Aleksey Mordashov increased the total gold production in Russia and abroad by 14% to 239.4 thousand ounces (7.4 tons) in Q1 2017, the company informs.

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Net profit of Nordgold fell by 3% to $39.8 mln in Q1

The net profit of Nordgold under IAS in Q1 2017 fell by 3% against Q1 2016 to $39.8 mln, the company reports.
The revenue in Q1 grew by 17% to $293 mln.

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Buryatzoloto to direct profit for current activity

Buryatzoloto PJSC (in the structure of Nordgold) will not pay dividends for 2016 and will direct the net profit for 2016 at the amount of 651.32 mln roubles for financing of its current activity, t

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Nordgold reduced its registered capital by 8%

Nordgold has reduced its registered capital by 7.8% having settled 28.763 mln GDRs purchased in the process of the buy back.

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Gold reserves of Buryatzoloto grew by 4.3 tons

In 2017 a more significant growth of explored reserves is expected.

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"Neryungri-Metallic" opens the field season of geological exploration.

The "Neryungri-Metallic" company(part of Nordgold) has started geological exploration work since April 15.

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Gold mining in Amur region made up 4,677 kg in Q1 2017

The volume of gold mining in Priamurie keeps falling due to the low content of metal in ore.

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In 2017, Nordgold to increase investments in Neryungri-Metallik

Neryungri-Metallik (a part of Nordgold) plans to invest about 1 billion rubles in the development in 2017, which is by 11% more than a year ago, the company's press centre reports.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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