Nordgold and Columbus announce financial tools for miners


Tools available in IBM Global Solutions DirectoryAutomatically generate a comprehensive report pack soon after period end to benchmark your business performance against industry best practices and peers.

“What sets CN Planning Analytics apart is its unique focus on the performance of gold mining companies and the fact that it can be adapted to all mining and processing technologies,” said the Director of Processing and development of Nordgold’s business systems. said Dmitri Markeev. Said in a press release.. “We continue to invest in IT features that help improve performance, especially as we pursue ambitious growth plans in the Russian region of Gross, which has established a leading position in the market. ”

The software package contains a preconfigured budgeting and management report template based on industry-specific Key Performance Indicators (KPIs). It is designed to work with a wide variety of mining methods, including surface mining, underground, blending and gold processing (CIL, CIP, heap leach, BIOX).

“The partnership with Nordgold to develop CN Planning Analytics was a unique collaboration that combined the real business experience of a mining company with the industry and product expertise of a consulting firm.

Back to london

Node Gold is now Application for admission to the London Stock Exchange, One of the oldest markets in the world.

The Russian gold miner, dominated by billionaire Alexei Mordashov and his sons Kirill and Nikita, was once a member of the London platform but left it in 2017.

The company said it aims to pay a higher dividend this year than its peers in North America. Four mines in Russia, one in Kazakhstan, three in Burkina Faso, one in Guinea and two more are under development, and Nordgold plans to increase production by 20% over the next five years. ..

In contrast, production at Newmont (NYSE: NEM) (TSX: NGT), the world’s largest gold mine, is expected to remain roughly the same through 2025.

Nordgold will pay a minimum dividend of $ 400 million in two installments this year. You then pay 50% of your free cash flow, provided that your net liability remains less than 1.5 times your interest, taxes, depreciation and income before amortization.

Nordgold and Columbus announce financial tools for miners

Nordgold and Columbus announce financial tools for miners


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