CDV 0.00% $1.08 cardinal resources limited

Ann: Quarterly Financial Report and MD&A, page-120

  1. 2ic
    5,941 Posts.
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    Norgold still pumping out gold at record prices. I doubt credit markets are closed to large gold producers, gold really is the only game in town with high margins and a confident future during this recession. There is no shortage of liquidity at ultra low rates in the world, CB's have made sure of that, but solvent borrowers are another question...

    (***** News) - Nordgold said today that Q1 gold production increased by 4% YoY to 225.9 koz mainly driven by higher volumes of ore processed at Taborny, Gross and Suzdal mines, as well as higher recovery rates at Gross, Suzdal and Taparko.Q1 production decreased against Q4 2019 mainly due to the normal impact of the winter season on heap leach operations in Russia, lower processed volumes and grade at Bissa-Bouly and Lefa, as well as lower recovery at Suzdal.The company said it is relatively unaffected by COVID-19.Nordgold has operations in West Africa, Kazakhstan and Russia.

    https://www.*****.com/news/2020-05-22/Nordgold-increases-gold-production-4-to-225-000-ounces-in-Q1.html
 
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