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Nordgold: A High Growth International One Million Ounce Gold - - PowerPoint PPT Presentation
Nordgold: A High Growth International One Million Ounce Gold - - PowerPoint PPT Presentation
Nordgold: A High Growth International One Million Ounce Gold Producer Company Presentation April 2020 Content Nordgold at a Glance 3-5 Strategy 6 Sustainability Highlights 7-11 Operating Highlights 12-14 2 Diversified Asset Base Across
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Diversified Asset Base Across Four Continents
Operating Mines Developing and Exploration Assets Suzdal Taparko Lefa Bissa Taborny Gross Berezitovy Buryatzoloto Montagne d’Or Bouly Pistol Bay Uryakh Tokkinsky
More than 8,000 employees Annual Production: 1 Moz (top-20 industry) Annual turnover: US$1.4 billion
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Solid Performance and Strong Position for Long Term Sustainable Growth
Company Highlights:
Nordgold is a global company. We operate a portfolio of ten mines with several development and exploration projects in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada.
Since its foundation in 2007, Nordgold has grown into a one million ounce gold producer by pursuing a disciplined strategy of well thought-through investment, continuous operational improvement and commitment to community engagement and operating in an environmentally responsible manner.
Nordgold is a growing company. Over a five year period, we have clearly demonstrated our development and construction expertise, launching three new gold mines, establishing Nordgold as an ambitious and experienced developer of major new gold projects. Bissa (Burkina Faso, 2013) Bouly (Burkina Faso, 2016) Gross (Russia, 2018)
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Leading Developer of Tier One Gold Mines
Three large scale and highly efficient mines launched over 5 years.
Confidence in the next development projects based on our track record in mine development, commitment to the environment and the local economy.
Pistol Bay (Canada) Inferred
- pen
pit Resources more than doubled to 1.58 Moz of gold at a grade of 2.2 g/t.
Advanced Tokkinsky project located near Nordgold’s existing Gross and Taborny mines in Yakutia, Russia.
Greenfields projects – exploration in the regions with existing mines in Russia, Burkina Faso and Guinea resulted in discovery of a number of satellite deposits, which extend the life of existing mines.
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Our People: recruit and retain the best talent, unlocking upside potential by driving continued personal development and sharing of best practices. Above all, protecting the health & safety of our people to achieve our Zero Harm
- bjective.
Our environment: responsibly manage the environmental and social impact of
- ur operations through adherence UN Sustainable Development Goals,
continuous engagement and support of local communities, and world leading environmental practices. Our operations: deliver long term sustainable growth, driven by efficient
- perations, disciplined development and ambitious exploration, supplemented
by high quality strategic M&A.
Nordgold Strategy: More Than Gold – value to ALL stakeholders
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Sustainable Development is Central to Nordgold Business
We are committed to work in line with:
United Nation’s Universal Declaration on Human Rights
UN Guiding Principles on Business and Human Rights (UNGPs) including its Protect, Respect and Remedy Framework
UN Global Compact
International Labour Organization (ILO) Core Standards
UN Sustainable Development Goals
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Education Healthcare Biodiversity
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Combatting malaria
Medicines for pregnant women and infants, mosquito control in camps
Improving Access to Healthcare
in remote communities of West Africa and Russia
Ebola prevention
Awareness campaigns, hand- washing stations, support to families, supporting national efforts in Guinea 2013-2015
Education Healthcare Biodiversity
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Research and Conservation
- f Snow Leopard
In partnership with Snow Leopard Foundation Only 200 snow leopards (included in the IUCN Red List
- f Threatened Species) now left in Russia
Education Healthcare Biodiversity
Automatic wildlife cameras snapped photos of snow leopards on a nightly walk
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International-style Resettlements
Resettlement Action Plans based on IFC Performance Standard 5 and other international standards
e.g. Bouly Resettlement
- 990+ new houses,
- 7 schools,
8 mosques, 3 churches,
- 4 community centres,
8 sports fields,
- a vaccination
centre
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Project Highlights
Gross is the largest Nordgold mine – it produced 259.2 koz in 2019 exceeding its 2019 production
- utlook of 230-235 koz.
The mine has large resource base with about 17 years life of mine. The Gross mine World class ore body: 9.7 Moz at 0.67 g/t in MI&I Mineral Resources and 4.4 Moz at
0.72 g/t in Ore Reserves (as per 31 December 2017)
Straightforward low cost heap leach metallurgy with high recovery rate at about 82.5% Project has excellent economics with the costs in the 1st quartile of the cost curve and IRR of almost
40% at $1250 gold price
Location
Location Russia, Yakutia Infrastructure 5 km from Taborny operating mine, accessible by all-season road
Project parameters
Mine type Open pit, Heap leach Start-up date September 2018 Average production 200+ koz LoM average AISC US$760/oz
Gross – Brief Overview and Summary
Large-Scale Gross Mine
Gross mine general view
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Location
Location Burkina-Faso, 5 km east from Bissa mine Infrastructure Bissa infrastructure is available to support Bouly
Project parameters
Mine type Open pit, Heap leach Start-up date September 2016 CAPEX US$140 million 2019 production 102 koz, LoM 10 years LoM average AISC US$744/oz
Project Highlights
Located within 5 km from Nordgold’s operating Bissa mine with key infrastructure already in place Large ore body: 4.8 Moz at 0.56 g/t in M,I&I Mineral Resources and 1.7 Moz at 0.52 g/t in P+P Ore
Reserves
Construction was completed on schedule in 13 months and under budget Bouly mine reached full capacity just in two months after launch in 2016 The mine fully paid back the investment within 3 years after the launch. Possibility of Life of Mine extension through processing of fresh rock ore resources and exploration at
flanks
Bouly – Brief Overview and Summary
Producing at the Bouly Mine
Leach pad
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Pistol Bay Project Overview
Location
Location Arctic Canada, Nunavut Territory, on the coast
- f Hudson Bay, 10km from Whale Cove town
Infrastructure Accessible by air or by sea with about 5-month navigation period. Sea port, airstrip and access road to site
Project parameters
Mine type Open pit, high grade Development Stage Advanced exploration Resources 1.58 Moz at 2.2 g/t Inferred Resources (NI 43- 101 compliant)
Project location map
Expanding the Pistol Bay Project
Project Highlights
Pistol Bay project is wholly owned by Nordgold Nordgold more than doubled the Vickers gold deposit
(part of Pistol Bay) Inferred open pit Resources to 1.58 Moz of gold at a grade of 2.2 g/t as at February 2020 from previous estimate of 739 koz at 2.95 g/t.
The increase in Resources follows an extensive 2019
drilling programme to evaluate a potential extension of the high grade mineralized zone at Vickers.
US$3 million 2020 drilling programme planned to
further expand the project resource base.
Pistol Bay, Vickers ore body and pit shells
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