“Our acquisition of Lefa in 2010, mixed with the intensive exploration programme we’ve undertaken since then, is exactly according to that technique,” COO Louw Smith said in the statement.
Diguili’s proved and possible reserves elevated from 78,000 ounces on the finish of 2020 to 138,000 ounces in 2021 due to an intense exploration program.
The gold miner, majority-owned by billionaire Alexei Mordashov and his sons Kirill and Nikita, has turn into a key contributor to Guinea’s financial and social improvement.
5-year plan
Lefa is owned by Société Minière de Dinguiraye, by which Nordgold holds a controlling curiosity of 85%, with the remaining 15% held by the federal government of Guinea.
With 4 mines in Russia, one in Kazakhstan, three in Burkina Faso, one every in Guinea and Kazakhstan and a number of potential initiatives in feasibility research, Nordgold expects to spice up manufacturing by 20% over the subsequent 5 years. In distinction, manufacturing on the world’s largest gold miner, Newmont (NYSE: NEM) (TSX: NGT), is ready to stay about the identical till 2025.
Nordgold can be seeking to go back to the London Stock Exchange, one of many world’s oldest markets, which left in 2017.