Nordgold (LSE: NORD) was established in 2007 as the gold producing division of OAO Severstal and has since developed into a leading, internationally diversified gold producer, with a strategic focus on emerging markets. On 19 January 2012 Nordgold was spun-off from Severstal and commenced trading as an independent public company via a listing of GDRs on the London Stock Exchange.

Nordgold has achieved rapid growth both organically and through acquisitions, increasing production from approximately 21 koz in 2007 to 754 koz in 2011, a CAGR of 145%. In 2011, the Company produced half of its output outside Russia, highlighting the Company’s increasingly global footprint.

Nordgold now boasts a diverse portfolio of high quality producing assets. The company’s portfolio consists of eight producing mines, two development projects, five advanced exploration projects and a broad portfolio of early exploration projects and licences. The Company’s operations are located in the Russian Federation, Kazakhstan, Guinea and Burkina Faso.

The Company has the gold reserves of 12.7 Moz and resource base of 29.5 Moz of gold.