Nordgold transfers Pistol Bay project in Canada to BG Gold Capital

30 December 2022

Nordgold Group («Nordgold» or the «Company»), an internationally diversified gold producer, announces that it transferred its Pistol Bay project («Northquest») to BG Gold Capital, an Ontario corporation, on 30 December 2022.

Under the Agreement, Nordgold has disposed 100% of its shares in Northquest and no longer retains any further interest in the Pistol Bay exploration project. The transaction was concluded in accordance with applicable regulations.

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About Nordgold

Nordgold is an internationally diversified one million ounce gold producer with over 8,000 people operating a portfolio of eight 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.