Nord Gold

Nordgold decreases its capital by 0.4%, redeemed 1.3 million GDR's

Gold mining company Nordgold of Alexei Mordashov has redeemed 1.355 million treasury shares, represented by global depositary receipts (GDR), which were bought under the buyback program for the total amount of $30 million in the period from August 24 to September 29, the company reports.
As a result, the authorized capital of the company decreased by approximately 0.36% to 371.786 million shares, while the share of the main shareholder Alexei Mordashov increased to 90.39% from previous 90.06%. At the same time, the percentage of shares in free circulation decreased to 9.59% from 9.92%.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Nordgold spends $26 million in framework of buyback

Nordgold of Alexei Mordashov has bought 245.627 million global depositary receipts (GDR) more from the market at the average price of $2.94 per piece to the total amount of $722.411 thousand, the company reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In the framework of buyback Nordgold spends $25.3 million

Nordgold of Alexei Mordashov has bought 235.727 million global depositary receipts on the market at the average price of $2.9 per piece to the total amount of $683.103 thousand, the company reports.
Transactions took place on September 14-18. As a result, the company has repurchased approximately 8.888 million GDR to the total amount of %25.284 million. Currently 373.142 million of the Nordgold’s shares are issued in circulation. About 90% of the share capital is owned by Mordashov.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Nordgold spends $ 25.3 million under the buy back.

Aleksey Mordashov’s Nordgold bought from the market another 235.727 million of global depositary receipts (GDR) at an average price of 2.9 dollars per piece, totaling 683.103 thousand dollars, the company informs.
Transactions took place from September 14 to 18. As a result, the company has repurchased approximately 8.888 million GDR for a total amount of 25.284 million dollars. Currently 373.142 million shares of Nordgold are in circulation. About 90% of the share capital is owned by Mordashov.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Nordgold has spent $24.6 mln in the framework of the buy back

​Nordgold of A. Mordashov has purchased another 286.076 thousand GDR at the average price of $2.8/piece from the market for the total amount of $816.815 thousand.
The deals were held on September 7-11. As  a result the company has already purchased about 8.652 mln GRD for $24.061 mln. Currently 373.142 mln shares of Nordgold are in circulation. About 90% of the shareholders capital belongs to Mr. Mordashov.
The Board of Nordgold at the beginning of the year approved the buy back program at the volume of up to 19 mln GDR by means of private deals or deals on the LSE.
The buy back will be over on December 31st 2015 or as soon as the total value of the purchased GDR/shares will make up $30 mln. The price of one share/ GDR should not exceed $4/piece. After the buy back, they will be withdrawn from the GDR program and exchanged for shares for their further settlement.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In 2015 the Trans-Baikal region expects to produce 10 tons of gold.

Subsoil users of the Trans-Baikal Territory would produce about 10 tons of gold, the provincial Ministry of Natural Resources and Industrial Policy told Prime. "The Trans-Baikal this year will, at least, keep production at last year's level - 9.8 tons, and may increase it by 5-10%", - a spokesman stated.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Within buy back Nordgold has spent $21.76 million

Nordgold of Alexei Mordashov has bought 231.146 million more global depositary receipts (GDR) from the market at the average price of $2.93 per piece to the total amount $676.907 thousand, the company reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer