Nordgold Reports Q1 2013 Financial and Operating Results

Amsterdam, 15 May, 2013 - Nord Gold N.V, (“Nordgold” or the “Company”, LSE: NORD), an internationally diversified, pure-play gold producer strategically focused on emerging markets, announces its financial and operating results for the first quarter ended 31 March 2013.

Highlights for the quarter


US$296.8 million

Up 12% from Q1 2012 (US$263.9 million); down 14% compared with Q4 2012 (US$346.8 million).

Gold production

183.6 thousand ounces

Q1 2013 gold production of 183.6 thousand gold equivalent ounces («koz»), an 18% increase on Q1 2012 (155.7 koz) and a 9% decrease on Q4 2012 (201.9 koz). Full year production guidance of 770 — 850 koz maintained.


US$106.4 million

Down 7% (US$7.8 million) from Q1 2012 (US$114.1 million). EBITDA was negatively impacted by lower gold prices and higher costs at certain mines. EBITDA margin for Q1 2013 was 36%.

Cash flow from operating activities

US$ 40.0 million

Increase of US$59.2 million compared to Q1 2012.


Corporate Communications
Procurement Department