Nordgold received a formal notice of termination of agreement to sell 55.01% in Montagne d’Or project
June 14, 2023
Nordgold Group («Nordgold» or the «Company»), the internationally diversified gold producer, announces that it has received a formal notice of termination of an agreement with Orea Mining Corp. («Orea») to sell its 55.01% interest in the Montagne d’Or joint-venture company in French Guiana, France.
Orea, which remains the owner of a 44,99% interest in the Montagne d’Or gold project, announced that the Canadian government denied the proposed acquisition.
An agreement between Nordgold and Orea allows either party to terminate the agreement after May 31, 2023, by providing written notice.
Nordgold is currently assessing its options going forward.
Nordgold is a gold producer with operations and prospective projects in Russia, Kazakhstan, Guinea, and Burkina Faso. Founded in 2007, the company has established itself as a global leader in building high quality large-scale gold mining operations, and demonstrated its commitment to sustainability, environmental responsibility, and local community support. The company employs approximately 8,000 people.
For more information about Nordgold, please visit our website www.nordgold.com
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