Russia, Nord Gold
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.
The gold mining company Nordgold is going to buy 28.76 million global depositary receipts (GDR, almost 84% of the offer volume) from its minority shareholders for $99.2 million, the company reports
The GDRs of Nordgold of A. Mordashov were delisted from the official list of the London stock exchange.
Fitch has improved the forecast by the rating of Nordgold from stable to positive, the agency reports. The agency also confirmed the long-term issuer default rating at BB-.
The gold mining company Nordgold has postponed the date of the delisting of its global depositary receipts (GDR) on the London Stock Exchange for a week - from the 9th to 16th of March, the company
The Board of Directors of Nordgold has approved the payment of interim dividends for Q4 2016 at the volume of $0.0512/share or GDR, the company reports.
Nord Gold considers not only the LSE for a potential return to the market but other sites as well, the CEO of Nord Gold, N. Zelensky, said.