The Ukrainian Metal

Russia: Nordgold net profit up in 2017

In 2017 Nordgold received $166.8 million of net profit, up by 4% YoY.

Revenue grew by 14%, to $1.22 billion, and EBITDA – by 7%, to $520.5 million.

The company net debt last year increased by 30%, to $656.3 million.

Last year Nordgold produced 968.3 thousand ounces of gold, up by 11%. This year the company intends to produce 950 thousand to 1 million ounces of gold. (Ukrainian metal)

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