Nordgold Reports Q1 2013 Operating Results
Amsterdam, Netherlands, April 22, 2013 - Nord Gold N.V, (“Nordgold” or the “Company”, LSE: NORD), an independent, internationally diversified, pure-play gold producer strategically focused on emerging markets, announces its operating results for the first quarter ending 31 March 2013.
Highlights for the quarter
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).
LTIFR
LTIFR of 1.15
Q1 2013 Lost Time Injury Frequency Rate of 1.15, 35% lower than Q4 2012.
Revenues
US$296.8 million
Up 12% from Q1 2012 (US$263.9million); down 14% compared with Q4 2012 (US$346.8million).
Average realised gold price
US$1,615 per ounce sold
Q1 2013 average realised gold price of US$1,615 per ounce sold, a 4% decrease on Q1 2012 (US$1,689/oz) and a 6% decrease on Q4 2012 (US$1,711/oz).