Gold miner Nord Gold (Nordgold) increased its production by 15% year-on-year to a record 1.04-million ounces in the year ended December 31.
The higher production, and an average gold price of $1 400/oz, helped to boost the company’s adjusted earnings before interest, taxes, depreciation and amortisation to a record $667-million, which was 42% higher compared with the year ended December 31, 2018.