Our business began in 2007, when our ultimate parent company at that time – OAO Severstal – diversified into gold mining by acquiring mines in Kazakhstan and Russia.
From this base we have forged Nordgold into an established pure-play gold producer, focused on emerging markets.
Our strategy
Our strategy has three pillars:
- operational optimisation
- organic expansion and development
- value accretive acquisitions
This strategy has delivered rapid growth. Our gold production has increased from approximately 21 Koz in 2007 to 589 Koz in 2010.
Where we work
Our business is spread across four countries:
- Burkina Faso
- Guinea
- Kazakhstan
- Russia
We have:
- eight active mines
- two development projects
- five advanced exploration projects, and
- a broad portfolio of early exploration projects and licences
Nordgold has attractive and efficient operations today and excellent prospects for further growth.
Our geographic diversity and spread of production reduces our risk, opens up more growth opportunities and makes us more efficient, by allowing us to spread best practice between our mines.