Asset report

Montagne d'Or gold mine project

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Report summary

Following the completion of a feasibility study in March 2017, Nordgold acquired a 55% stake in the project with the balance held by Columbus Gold. The feasibility study is based on a 12-year operation, with the deposit being mined by conventional open pit mining methods Average annual gold production over the first 10 years is 232koz. Initial capital cost is US$535 million. The report assumes a start-up date of 2022, in line with company guidance.

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