Nordgold: A High Growth International One Million Ounce Gold Producer Company Presentation April 2020
Content Nordgold at a Glance 3-5 Strategy 6 Sustainability Highlights 7-11 Operating Highlights 12-14 2
Diversified Asset Base Across Four Continents Buryatzoloto Taborny Gross Pistol Bay Tokkinsky Uryakh Montagne Bouly Bissa Berezitovy d’Or Suzdal Taparko Annual Production: 1 Moz (top-20 industry) Lefa Annual turnover: US$1.4 billion Operating Mines More than 8,000 employees Developing and Exploration Assets 3 3
Solid Performance and Strong Position for Long Term Sustainable Growth Company Highlights: Nordgold is a global company. We operate a portfolio of ten mines with several development and exploration projects in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Since its foundation in 2007, Nordgold has grown into a one million ounce gold producer by pursuing a disciplined strategy of well thought-through investment, continuous operational improvement and commitment to community engagement and operating in an environmentally responsible manner. Nordgold is a growing company. Over a five year period, we have clearly demonstrated our development and construction expertise, launching three new gold mines, establishing Nordgold as an ambitious and experienced developer of major new gold projects. Bissa (Burkina Faso, 2013) Bouly (Burkina Faso, 2016) Gross (Russia, 2018) 4
Leading Developer of Tier One Gold Mines Three large scale and highly efficient mines launched over 5 years. Confidence in the next development projects based on our track record in mine development, commitment to the environment and the local economy. Inferred open pit Pistol Bay (Canada) Resources more than doubled to 1.58 Moz of gold at a grade of 2.2 g/t. Advanced Tokkinsky project located near Nordgold’s existing Gross and Taborny mines in Yakutia, Russia. Greenfields projects – exploration in the regions with existing mines in Russia, Burkina Faso and Guinea resulted in discovery of a number of satellite deposits, which extend the life of existing mines. 5
Nordgold Strategy: More Than Gold – value to ALL stakeholders Our People: recruit and retain the best talent, unlocking upside potential by driving continued personal development and sharing of best practices. Above all, protecting the health & safety of our people to achieve our Zero Harm objective. Our environment: responsibly manage the environmental and social impact of our operations through adherence UN Sustainable Development Goals, continuous engagement and support of local communities, and world leading environmental practices. Our operations: deliver long term sustainable growth, driven by efficient operations, disciplined development and ambitious exploration, supplemented by high quality strategic M&A. 6
Sustainable Development is Central to Nordgold Business We are committed to work in line with: United Nation’s Universal Declaration on Human Rights UN Guiding Principles on Business and Human Rights (UNGPs) including its Protect, Respect and Remedy Framework UN Global Compact International Labour Organization (ILO) Core Standards UN Sustainable Development Goals 7
Education Healthcare Biodiversity 8
Education Healthcare Biodiversity Improving Access to Healthcare in remote communities of West Africa and Russia Ebola Combatting prevention malaria Awareness campaigns, hand- Medicines for pregnant women washing stations, support to and infants, mosquito control families, supporting national in camps efforts in Guinea 2013-2015 9
Education Healthcare Biodiversity Research and Conservation of Snow Leopard In partnership with Snow Leopard Foundation Only 200 snow leopards (included in the IUCN Red List of Threatened Species) now left in Russia Automatic wildlife cameras snapped photos of snow leopards on a nightly walk 10
International-style Resettlements e.g. Bouly Resettlement • 990+ new houses, Resettlement Action Plans based on IFC • 7 schools, Performance Standard 5 and other international 8 mosques, 3 churches, standards • 4 community centres, 8 sports fields, • a vaccination centre 11
Large-Scale Gross Mine Gross mine general view Gross – Brief Overview and Summary Russia, Yakutia Location Location 5 km from Taborny operating mine, Infrastructure accessible by all-season road Project parameters Mine type Open pit, Heap leach September 2018 Start-up date Average production 200+ koz LoM average AISC US$760/oz Project Highlights Gross is the largest Nordgold mine – it produced 259.2 koz in 2019 exceeding its 2019 production outlook of 230-235 koz. The mine has large resource base with about 17 years life of mine. The Gross mine World class ore body: 9.7 Moz at 0.67 g/t in MI&I Mineral Resources and 4.4 Moz at 0.72 g/t in Ore Reserves (as per 31 December 2017) Straightforward low cost heap leach metallurgy with high recovery rate at about 82.5% Project has excellent economics with the costs in the 1st quartile of the cost curve and IRR of almost 40% at $1250 gold price 12
Producing at the Bouly Mine Bouly – Brief Overview and Summary Leach pad Burkina-Faso, 5 km east from Bissa Location Location mine Bissa infrastructure is available to Infrastructure support Bouly Mine type Open pit, Heap leach Project parameters September 2016 Start-up date CAPEX US$140 million 2019 production 102 koz, LoM 10 years LoM average AISC US$744/oz Project Highlights Located within 5 km from Nordgold’s operating Bissa mine with key infrastructure already in place Large ore body: 4.8 Moz at 0.56 g/t in M,I&I Mineral Resources and 1.7 Moz at 0.52 g/t in P+P Ore Reserves Construction was completed on schedule in 13 months and under budget Bouly mine reached full capacity just in two months after launch in 2016 The mine fully paid back the investment within 3 years after the launch. Possibility of Life of Mine extension through processing of fresh rock ore resources and exploration at 13 flanks
Expanding the Pistol Bay Project Pistol Bay Project Overview Project location map Arctic Canada, Nunavut Territory, on the coast Location Location of Hudson Bay, 10km from Whale Cove town Accessible by air or by sea with about 5-month Infrastructure navigation period. Sea port, airstrip and access road to site Mine type Open pit, high grade parameters Project Development Advanced exploration Stage 1.58 Moz at 2.2 g/t Inferred Resources (NI 43- Resources 101 compliant) Project Highlights Pistol Bay, Vickers ore body and pit shells Pistol Bay project is wholly owned by Nordgold Nordgold more than doubled the Vickers gold deposit (part of Pistol Bay) Inferred open pit Resources to 1.58 Moz of gold at a grade of 2.2 g/t as at February 2020 from previous estimate of 739 koz at 2.95 g/t. The increase in Resources follows an extensive 2019 drilling programme to evaluate a potential extension of the high grade mineralized zone at Vickers. US$3 million 2020 drilling programme planned to further expand the project resource base. 14
Thank you For further information on Nordgold please visit www.nordgold.com 15 15
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