Reuters logo
Russia's Nord Gold says Q2 revenue up 7 pct y/y
July 18, 2014 / 6:05 AM / 3 years ago

Russia's Nord Gold says Q2 revenue up 7 pct y/y

MOSCOW, July 18 (Reuters) - Russian gold miner Nord Gold said on Friday its revenue rose 7 percent year-on-year to $342 million in the second quarter due to higher production.

Nord Gold, controlled by businessman Alexei Mordashov, said its second-quarter output increased 14 percent to 265,000 troy ounces of gold equivalent. Its average realised gold price fell 6 percent to $1,292 per ounce for the period.

The company also said it was still on track to produce between 870,000 and 920,000 ounces of gold equivalent in 2014. A gold equivalent is a measure of gold and other metals expressed in units of gold. (Reporting by Polina Devitt; editing by Vladimir Soldatkin)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below