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Nordgold’s Taborny Mine Invests Over US$15 Million...

Nordgold’s Taborny Mine Invests Over US$15 Million in Mining Fleet

London, United Kingdom, 7 August 2020 – Nord Gold SE ("Nordgold" or the "Company"), the internationally diversified gold producer, has invested approximately US$15 million in fleet maintenance and new vehicle purchases at its Taborny gold mine in Yakutia, Russia.

Taborny has added two hauling trucks, an excavator, a grader and two Epiroc drilling rigs to its fleet. It will also purchase new support vehicles, including buses, fuel trucks and mobile repair units that will deliver fleet refuelling and maintenance in the field. Other new support vehicles will include a crane truck and a front loader. Taborny will invest approximately a further US$ 6 million in mining equipment maintenance. This follows the recent announcement of a $20m expansion of the Gross mining fleet, Taborny’s sister mine, as Nordgold continues to invest in its operations.

“We are undertaking a major development programme with our mining fleet at Taborny. This investment will help us maintain the efficiency, but above all the safety of the Taborny mine. A modern, well invested mining fleet is central to the smooth running of a large mining operation ” Nikolai SkripkinMobile Maintenance Director of Taborny

Today Taborny mining fleet includes 53 heavy machines and 45 support vehicles.

About Taborny

Taborny develops gold deposit located in the southwest of Sakha Republic (Yakutia). The open pit Taborny mine was launched in 2002. In 2019, Taborny produced over 76 thousand ounces of gold.

About Nordgold

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