Russia, Nord Gold
In 2017 a more significant growth of explored reserves is expected.
The "Neryungri-Metallic" company(part of Nordgold) has started geological exploration work since April 15.
The volume of gold mining in Priamurie keeps falling due to the low content of metal in ore.
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.
Nordgold of A. Mordashov plans to invest $14.7 mln into the project of underground development of the Berezitovy mine (Berezitovy mine Ltd), the company reports.
In 2017, Buryatzoloto (a part of Nordgold) intends to invest 1.6 billion rubles in the development, which corresponds to the level of 2016, said deputy operations director of Nordgold, head of Bury
Buryatzoloto (in the structure of Nordgold) doesn’t plan to pay dividends on the results of 2016, the company reported on the results of the meeting of the Board of Directors.
In 2016, the net profit of gold mining company Nordgold, controlled by Alexei Mordashov, under IAS decreased by 15% compared to the previous year to $160.1 million, the company reports.
Sberbank CIB, corporate investment business of Sberbank, has granted a loan in the amount of $325 million to the gold mining company Nordgold.
Buryatzoloto PJSC (in the structure of Nordgold) on the results of 2016 made a net profit under RAS of 651.32 mln roubles, which is by 6.9 times lower than in 2015.