London, United Kingdom, 27 February 2017 – Nord Gold SE (“Nordgold” or the “Company”, LSE: NORD) is pleased to announce that the Board has approved an interim dividend of 5.12 US cents per share or GDR (a total of US$19.0 million) for the three months ended 31 December 2016.
The dividend record date is set on 2 March 2017 with payment on 13 March 2017.
The Q4 2016 dividend represents 30% of US$63.2 million of the preliminary unaudited normalised net profit attributable to shareholders for the three months ended 31 December 2016.
The Company has already paid an interim dividend of:
- 4.24 US cents per share/GDR for (a total of US$15.7 million) Q3 2016;
- 5.52 US cents per share/GDR (a total of US$20.4 million) for Q2 2016; and
- 3.19 US cents per share/GDR (a total of US$11.8 million) for Q1 2016.
The total dividend for four quarters of 2016 increased to 18.07 US cents per share or per GDR (a total of US$66.9 million) compared with 15.6 US cents per share or per GDR (a total of US$58.5 million) in 2015.
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.
Nordgold is an internationally diversified gold producer established in 2007. 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 2016, Nordgold produced 869 koz of gold.
Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects in feasibility study, 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, please contact:
Investor Relations Specialist
Tel: +7 495 644 4473
Head of Media Relations
Tel: +7 495 644 4473
Tel: +44 (0) 20 7250 1446