Investor Day and Strategic Update
Amsterdam, Netherlands, April 27, 2015 - Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, is hosting an Investor Day for sell-side analysts and institutional investors today.
David Morgan (Chairman), Nikolai Zelenski (CEO), Louw Smith (COO), Oleg Pelevin (Director of Strategy and Corporate Development), Igor Klimanov (Development Projects Director) and other members of the senior management team will be presenting.
The presentations will focus on Nordgold’s positioning, strategy, operations, growth projects and outlook.
Strategic update and intention to seek premium listing
Since it was established in 2007, Nordgold has evolved from a high growth emerging markets gold company to a best in class internationally diversified low-cost million ounce gold producer. Nordgold has established a reputation for financial delivery and operational excellence, illustrated by the highly successful launch of Bissa, Nordgold’s second mine in Burkina Faso and achieving positive free cash flow at all nine mine sites in 2014.
In order to drive shareholder value, Nordgold plans to continue to deliver on its strategic initiatives, designed to achieve production and profit growth in a low price environment:
- Excellency in operational and financial performance through maintaining the high quality of the Company’s mines and tight control over costs.
- Robust free cash flow generation.
- Consistent shareholder returns through a quarterly interim dividend payment of 30% of normalised net profit attributable to shareholders and the buyback programme, started in February 2015.
- Reduce the debt position organically through consistent free cash flow generation and effective debt management.
- Develop the existing pipeline of high quality greenfield and brownfield projects through carefully selected investments.
The Board has also approved further capital markets strategic initiatives to increase the Company’s market capitalisation and position it for market success, including the aim of seeking a premium listing on the London Stock Exchange, increasing the free float to over 30%.
Nikolai Zelenski, Chief Executive Officer of Nordgold, commented:
I am delighted to host our first Investor day in London, a symbol of our continued commitment to corporate governance and transparency. Nordgold has a track record of financial and operational performance, which is not reflected in the current market value of the business. We firmly believe our intention to seek a premium listing will materially improve the valuation of the business and positively impact the returns we can generate for our shareholders.
Investor Day details
Nordgold is today holding an Investor Day at Citi’s Stirling Square office in London. The presentation will start at 10.00 am BST.
Further details of the presentation are as follows:
|Date||Monday, 27 April 2015|
Citi’s Stirling Square office,
5-7 Carlton Gardens, SW1Y 5AD
|Presentation Module 1||10.00 am|
|Coffee Break||11.15 am|
|Presentation Module 2||11.30 am|
The presentations will be broadcast live over the Internet. The questions could be asked via webcast chart. To participate in the video webcast please follow the link:http://event.onlineseminarsolutions.com/r.htm?e=981713&s=1&k=2C8EE94A5B57E7D798E3041FFAE968B1
The presentations could also be accessed for audio only by dialing:
+ 44 (0) 2030 432 439
USA +1 866 907 5925
+7 495 705 9472
Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2014, Nordgold’s gold production increased to 985 koz from 924 koz in 2013.
The Company operates 9 mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Nordgold employs about 10,000 people.
Head of IR
|Tel: +7 (916) 474 5996|
Head of Media Relations
|Tel: +7 (916) 510 1411|
|Tel: +44 (0)20 7379 5151|