About Nordgold Africa
Gold is a most conservative and passive investment, but the same cannot be said of gold mining in emerging markets. To succeed here a company must be flexible and dynamic. Its management must be adept and have a keen eye for untapped value.
Our approach is at once simple and challenging: identify opportunity, optimise operations, and develop assets. We find and acquire assets and then bring our expertise to bear in creating value for our shareholders.
The numbers speak for themselves – in 2014, significant operational efficiencies resulted in the lowest quartile cost performance: total cash costs of US$675/oz and all-in sustaining costs of US$887/oz. Despite a materially lower gold price, in 2014 we have achieved an EBITDA margin of 40.1% due improved operational efficiencies at all our mines and strict cost control. We have also generated strong free cash flow of US$181 million for the year and returned US$39 million in dividends to shareholders.
We are an international team of energetic managers and mining experts. We understand that efficient decision-making and effective follow-through are essential for quickly bringing projects online and returning investment. We have a passion for our business and excel at unleashing hidden value.
We have also made a firm commitment to our people and the local communities where we work. Nordgold’s corporate culture is one of mutual respect, which implies decent remuneration and appropriate working conditions as well as industry-best environmental standards. We never forget that the efforts of our 8,000-strong workforce are at the core of our success.
Nordgold’s mission is to provide forward growth for the business and its value to shareholders and all other stakeholders. But for us, success is about more than just gold.
Our values run deeper than effective gold production. We want our employees to know their safety is our absolute priority. We want the trust of the investment community. We want to contribute to the communities in which we operate and become a trusted local partner. We want to look after the environment.
OUR BIG IDEA. MORE THAN GOLD.
At Nordgold, we have always thought big. We are a young company, but we have grown quickly, meeting the challenges we have faced head on to become the successful international company we are today.
We realised that to really fulfill our potential and reach the next stage we needed a clear statement of our vision and of the values we are committed to.
Nordgold employs thousands of people. As their employer, we bear the responsibility of ensuring their safety and providing a good quality of life for employees and their families. We want our people to realise their potential in conditions which are both comfortable and safe. We seek to be an employer of choice in the communities in which we operate and to hire the very best people in the industry.
We invest in production and technology. This helps us achieve the efficiencies we need to provide good returns on investor capital. We work hard to maintain our shareholders’ confidence in the company’s present and future.
Being a responsible member of the local communities in which we operate is central merit of the way we do business. We see it as a vital part of our role to invest in those communities and help them develop. We bring in electricity, water, infrastructure and transport. In many areas, the local population gains access to education and health services. We are focused on mutual respect and dialogue with local communities and government organisations, and we meet all our legal and tax obligations.
Taking care of the environment is a core value for Nordgold. We recognise we work in a hazardous industry but we take as much care as possible to ensure we do not damage the environments in which we work.
Nordgold (LSE: NORD) is publicly traded on the London Stock Exchange and is an internationally diversified low-cost gold producer established in 2007
Nordgold 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 thousand ounces from 924 thousand ounces in 2013.
The Company operates nine mines in Russia, Kazakhstan, Burkina Faso and Guinea. Nordgold has two development project, four advanced exploration projects and a diverse portfolio of early exploration projects and licenses in CIS, West Africa, French Guiana and Canada. Nordgold employs over 8,000 workers.
Highly qualified professionals offering a fresh approach to an established industry
Our management style emphasizes both flexibility and responsiveness, and rejects bureaucracy. It facilitates swift decisions and rapid project development. It suggests a fresh approach to a timeless industry.
At the board level, Nordgold is guided by experienced professionals. Three of our directors, including the chairman, are independent.
On site and at our head office, we have highly qualified in-house technical teams ensuring delivery and results.
Our core management team has remained unchanged since Nordgold’s inception in 2007 – a true sign of commitment, pride and confidence in our endeavors.
Nordgold is led by a young, dynamic and capable management team.
Nordgold has mines and development projects, as well as investment projects in 6 countries – Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada
[Compliances and Memberships/Affiliations]