Denver Gold Group > Member Company Profile > Nordgold

Address

Strawinskylaan 3105
Amsterdam 1077 ZX
Netherlands

Value Drivers

• Nordgold’s production in 2010 was 589.1 koz of gold with revenue US$754.2 and generated Normalized EBITDA US$366.9 million.
• Nordgold’ production in H1 2011 was 372.3 koz of gold.
• The resource base consists of 23.0 moz of gold resources on a fully consolidated basis classified as measured, indicated and inferred and 8.9 moz of proven and probable gold reserves (JORC, Nov 2010)
• Our target is to produce 1 moz of gold from our existing mines and development projects by 2013
• Our strategy has three pillars: operational optimization, organic expansion and development, value accretive acquisitions

Management

Chairman:	Philip Baum
CEO/President/MD:	Nikolai Zelenski
CFO:	Sergey Zinkovich
COO:	Sergei Stepanov, Igor Klimanov, Bruce Lumley
Other Key Staff:	Oleg Pelevin – Strategy and Corporate Development Evgeny Tulubensky - Chief Legal Officer Vladimir Shvetsov – Geology and Exploration Svetlana Krinichnaya – Human Resources

IR Contact

Dmitriy Gudovskiy
+31 20 406 4480
ir@nordgold.com
www.nordgold.com

Cautionary Information

© Copyright 2012, Denver Gold Group & Nordgold.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Nordgold

London Stock Exchange : NORD

Last Updated: April 16, 2012

Information is qualified - read footnotes

Status:	Producer
Primary Mineral:	Gold
Secondary Mineral:	Silver
Primary Country of Operation:	Russia
Other Countries of Operation:	Burkina Faso, Guinea, Kazakhstan

Nordgold is an emerging-markets gold producer, with operations in Burkina Faso, Guinea, Kazakhstan and Russia. We are a young and dynamic company, with a strong track record of value creation. Since we were founded in 2007, we have expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. Our gold production increased from approximately 21 Koz in 2007 to 589 Koz in 2010. Nordgold has eight active mines, two development projects, five advanced exploration projects and broad portfolio of early exploration projects and licenses.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders

• Severstal OAO, 100%
• Minority investors
• n/a

Capital Structure

Common Shares Outstanding:	359,000,000
Float (%):	10.6
Fully Diluted Shares:	359,000,000

Stock as of April 24, 2012

	Local Currency	USD

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Notes

(1) Production and mineral resource information is consolidated, not attributable.