Nord Gold | 26 January 2017 г. | 10:05

In 2016 Nord Gold produced 868.8 koz of gold

In 2016 Nord Gold produced 868.8 koz of gold
Nord Gold has announced its operating results for 12 months ended 31 December 2016.


2016 refined gold production of 868.8 thousand gold equivalent ounces (koz), in line with the full year production guidance range of 840-880 koz.

2016 gold doré production was 870.4 koz, down 6% compared with 924.1 koz in 2015, mainly due to the discontinuation of production at Aprelkovo, and limited access in H2 2016 to flooded higher grade ore blocks in the West African open pit mines after an unusually long wet season.
Q4 2016 refined gold output increased by 11% quarter-on-quarter (QoQ) to 235.1 koz driven by higher production at Bissa, Bouly, Taparko, Lefa, Berezitovy and Suzdal mines. Doré production increased by 17% QoQ to 242.7 koz in Q4 2016.

The new Bouly mine, launched in September 2016 on schedule and under budget, has exceeded forecasts, reaching full capacity in November 2016 and producing 31.4 koz of gold doré in 2016, ahead of 2016 production guidance of 20 koz.

Source: Metal Supply and Sale Magazine
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