NORDGOLD

Nordgold increases gold production 4% to 225,000 ounces in Q1

Kitco News Friday May 22, 2020 15:01

Kitco News

Share this article:

:{**Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!**:(style="color:#cba41d;"):}:

(Kitco News) - Nordgold said today that Q1 gold production increased by 4% YoY to 225.9 koz mainly driven by higher volumes of ore processed at Taborny, Gross and Suzdal mines, as well as higher recovery rates at Gross, Suzdal and Taparko.

Q1 production decreased against Q4 2019 mainly due to the normal impact of the winter season on heap leach operations in Russia, lower processed volumes and grade at Bissa-Bouly and Lefa, as well as lower recovery at Suzdal.

The company said it is relatively unaffected by COVID-19.

Nordgold has operations in West Africa, Kazakhstan and Russia.

By Kitco News

For Kitco News