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Nord Gold SE (NORD)

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Monday 12 December, 2016

Nord Gold SE

Dividend Declaration

RNS Number : 6075R
Nord Gold SE
12 December 2016
 

Dividend Declaration

London, United Kingdom, 12 December 2016 - Nord Gold SE ("Nordgold" or the "Company", LSE: NORD) is pleased to announce that the Board has approved an interim dividend of 4.24 US cents per share or GDR (a total of US$15.7 million) for the three months ended 30 September 2016 and 5.52 US cents per share or GDR (a total of US$20.4 million) for the three months ended 30 June 2016, representing a total pay-out of US$36.1 million.

The dividend record date is set on 15 December 2016 with payment on 30 December 2016.

Nordgold remains focused on continuing to deliver a dividend to shareholders. In line with our dividend policy, we intend to distribute 30% of normalised net profit attributable to shareholders as dividends on a quarterly basis.

About Nordgold

Nordgold (LSE: NORD) is an internationally diversified gold producer established in 2007 and publicly traded on the London Stock Exchange. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2015, Nordgold produced 950 koz of gold with all-in sustaining costs of US$793 per ounce.

Nordgold operates 9 mines (5 in Russia, 2 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in the construction phase (Gross in Russia), several prospective projects in feasibility study, preliminary economic assessment and advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.

For further information on Nordgold please visit the Company's website: www.nordgold.com

Enquiries

Nordgold


Valentina Bogomolova
Head of IR

Tel: +7 (495) 644 4473
[email protected]

Olga Ulyeva
Head of Media Relations

Tel: +7 (495) 644 4473
[email protected]

Powerscourt


Peter Ogden

Giles Read
Tessa Berry

Tel: +44 (0) 20 7250 1446

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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