Northgold Releases Interim Report for October-December 2023
Financial highlights of fourth quarter 2023 (Group, consolidated)
- Net sales amounted to KSEK 0 (Q4 2022: KSEK 0).
- Operating profit/loss after financial items totalled KSEK -1,101 (Q4 2022: KSEK -5,229).
- Earnings per share after financial items amounted to SEK -0.08 (Q4 2022: SEK -0.8).
- Cash flow from operating activities was KSEK –600 (Q4 2022: KSEK -5,908).
Financial highlights of the full year 2023 (Group, consolidated)
- Net sales amounted to KSEK 0 (FY 2022: KSEK 0).
- Operating profit/loss after financial items totalled KSEK – 11,553 (FY 2022: KSEK -12,907).
- Earnings per share after financial items amounted to SEK -0.9 (FY 2022: SEK -1.2).
- Cash flow from operating activities was KSEK -10,921 (FY 2022: KSEK -11,287).
Significant events in the fourth quarter
- Copper assays from Kopsa significantly strengthen previously reported drill results (2 November 2023).
- Orior Capital initiates coverage of Northgold AB (24 November 2023).
- Northgold reports remaining 2023 gold and copper drill results from Kopsa, including 0.91 grams per tonne gold-equivalent over 105.2 metres (7 December2023).
- Northgold announced CEO Resignation (15 December2023).
Significant events after the period
- Kopsa gold-copper resource grows 37% to 0.75 million gold-equivalent ounces, with grade increasing 10% to 1.13 grams per tonne gold-equivalent (23 January 2024).
- Electromagnetic survey identifies new exploration targets beneath and southwest of the Kopsa resource, signaling new growth potential (6 February 2024).
For the full report, please download the attached PDF. The full report is also available at: www.northgoldab.com/investors, under Financial reports.
For additional information, please contact the CEO:
Henrik Löfberg
Email: [email protected]
Website: www.northgoldab.com
Follow us: www.linkedin.com/company/northgold
About Northgold
Northgold is a Swedish-listed gold exploration and development Company focused on advancing multiple, co-located, resource-stage projects in the Middle Ostrobothnia Gold Belt (MOGB) of Central Finland, including the Kopsa Gold-Copper project, the Kiimala Trend Gold project, and the newly acquired Hirsikangas Gold project. The Company strives to grow its gold mineral resources, make new gold discoveries, and ultimately extract gold from these under-explored areas in Central Finland. Visit www.northgoldab.com for more information. Augment Partners AB, tel. +46 8-604 22 55 [email protected], is acting as the Company's Certified Adviser.
