Support The Moscow Times!

Nordgold Posts Loss

Russian gold miner Nordgold recorded a first-half net loss Friday after taking a $218 million impairment charge due to the falling gold price.

The charge pushed the company to a net loss of $175 million, compared to net income of $65 million for the same period a year ago.

Despite the loss, the company plans to pay a dividend of 4.05 U.S. cents per share, bringing the total payout to $15 million, it added.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.