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.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.