Nordgold Secures Second ESG-linked Revolving Credit Facility

London, United Kingdom, 18 October 2021 – Nord Gold plc ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that Celtic Resources Holdings DAC, a wholly-owned subsidiary of Nordgold, has entered into a three-year US$100 million ESG-linked committed revolving credit facility with a group of international banks.

The syndicated facility was arranged by the following mandated lead arrangers and bookrunners: Raiffeisen Bank International AG, AO Raiffeisenbank, Banca Intesa, Mizuho Bank, Ltd. (London Branch), AO “Alfa-Bank” and Societe Generale. Raiffeisen Bank International AG together with AO Raiffeisenbank coordinated the facility, Raiffeisen Bank International AG also acted as sustainability coordinator while Societe Generale was appointed as facility agent.

The new revolving credit facility is guaranteed by certain subsidiaries of the Company. The margin under the loan is directly linked to Nordgold’s EcoVadis ESG-rating. The new three-year facility is Nordgold’s second, following the announcement in March 2021 of a similar two-year US$100 million ESG-linked revolving credit facility with a group of international banks, highlighting Nordgold’s ability to attract a strong group of banks for its facilities and Company’s continued focus on ESG performance.

“Nordgold has made considerable progress with its ESG initiatives and we are currently developing a detailed programme of ambitious ESG targets for the future. Adherence to the highest ESG standards is core to our company, so it is a natural extension of this philosophy to include measurable ESG performance in how we finance the business as well.” Nikolai ZelenskiChief Executive Officer of Nordgold

As of 18 October 2021, Nordgold’s corporate debt consisted solely of a US$400 million 5-year Eurobond maturing in 2024 and the aforementioned two-year US$100 million facility which has not been drawn as of 18 October 2021.


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About Nordgold

Nordgold is an internationally diversified one million ounce gold producer with about 7,800 people operating a portfolio of nine mines (in Burkina Faso, Guinea, Russia and Kazakhstan) and a number of development and exploration projects in West Africa, Eurasia and the Americas. Since its foundation in 2007, Nordgold has established a global reputation as a leading developer of tier one gold mining assets with a proven commitment to community engagement, sustainability, efficiency and operating in an environmentally responsible manner. Since 2013, Nordgold has successfully constructed three gold mines, including two in Burkina Faso (Bouly and Bissa) and most recently, the Gross mine in Russia.


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