Nordgold net profits in January-March dropped by 3% YoY, to $39.8 million.
According to the company statement, earnings grew by 17%, to $293 million.
EBITDA increased by 10%, to $131 million.
The company consolidated debt at the end of Q1 decreased by 3%, to $927.9 million, with net debt up by 15%, to $677.7 million.
“We have started 2017 decisively. The new mine in Burkina-Faso has shown good operation indexes. We’re sticking to our plan to produce 900-950 thousand ounces this year”, the company CEO Nikolay Zelensky noted. (Ukrainian metal)
