Nordgold reduced gold sales revenue by 16%
Edited by Rhod Mackenzie / 2014-04-23 11:52:42
In Q1, Nord Gold NV (Nordgold) reduced revenue to $274.8 million, by 16% less than in Q4 2013 and by 7% less than in Q1 2013. The rapid reduction in revenue is connected with the fall in the gold price and a reduction of processing and sales. In Q1 2014, average gold sales price was by 4% less than in Q4 2013 and by 20% less than in Q1 2013.
