Nordic Gold Inc (CVE:NOR)

Nordic Gold Inc (CVE:NOR)

Share Price
$ 0.04
-0.005 (-12.50 %)
Market Cap
$6.85 m
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Nordic Gold Inc

Nordic Gold Inc. is a junior mining company focussed on the acquisition and development of mining properties with near term production potential. Our preferred operating environment is safe jurisdictions around the world, primarily in Canada, United States and Europe. Currently we have projects in Finland and British Columbia.

Watch Nordic Gold's First Pour:

Market: TSX-V:NOR
52-week High/Low: C$0.17 / C$0.03
Sector: Gold Mining
Market Cap: $6.85 m
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Big Picture – A Deep Dive Examination of Nordic Gold Inc

Nordic Gold Inc Snapshot


The Laiva deposit is located in Raahe, Finland and is one of the largest gold resources in the region. The mine is a conventional open pit mine with 2 pits.

Exploration in the Laiva area started in 2005. Previously the area was worked by both Endomines Oy and Outokumpu. The operation includes two pits and a recently constructed 6,000 tpd, state-of-the-art process plant designed by Metso and constructed by Outotec. Historic expenditure on the property is estimated at €220 million.  The mill and leaching plant was completed completed in 2011. Mining at the property was initiated in Q3 2011 and the first doré bar was cast in December that year.



The mine has excellent access to local infrastructure, including grid power (110 kV line), paved all weather roads (within 5 km) and port (within 20 km).

All mining infrastructure in currently in place and the mine is planned to re-open in August 2018.

Finland was declared  as World’s 6th best country for property rights. (Forbes Dec 2016), ahead of Canada and USA. Finland has a 20% Corporate Tax rate and gold producers pay 0.15% Royalty.

MICHAEL HEPWORTH - President & CEO - Director
Mr. Hepworth is an accomplished  entrepreneur and business leader with more than 35 years diverse international business experience. Mr. Hepworth has started and built 5 successful businesses from the ground up. He also consulted and advised businesses, in many sectors including professional and financial services, high tech, engineering and manufacturing. Mr. Hepworth has over 8 years of corporate development experience in the resources industry. He is experienced negotiator of technology agreements, corporate acquisitions and divestitures. At the moment Mr. Hepworth is President of Nordic Gold and director of Condor Precious Metals, Canadian Iron Metallics and Alpha Resource Management.

GREG DURAS - Chief Financial Officer
Gregory has over 20 years of experience working in the resource sector and over 10 years of experience working as Chief Financial Officer for various publicly traded companies including Avion Gold Corp. which had mining operations in Mali and Burkina Faso. Gregory has an abundance of international mining experience, having served as Vice President of Finance and Administration at S.C. Rosia Montana Gold Corporation, a mineral exploration and mining development company based in Romania, and more recently working in the resource sector based in Seville, Spain. Gregory has a Bachelor of Administration from Lakehead University and is a Certified Professional Accountant (“CPA”).

JOE RANFORD - Chief Operating Officer and Laiva General Manager 
Mr. Ranford has a Bachelor of Engineering from the University of South Australia and an MBA from the University of Adelaide. He has a wealth of experience mining various commodities;  including gold, copper, platinum, lead, zinc and iron ore. His wide management experience includes operations, business and project development and stakeholder engagement. While working on three continents, Joe has held various leadership roles with companies such as Crocodile Gold Corp., Mount Gibson Iron Limited, Goldcorp Inc., Brandrill Limited and Normandy Mining Limited.

VERN LANGDALE - Mine Manager
Vern Langdale is a Mining Engineer with over 30 years mining experience including operations management and production. Specialising in Open Cut gold mining, Vern has been involved with all project aspects from bankable feasibilities to production responsibilities. Vern bring his skill to this project with experience in commissioning new mines in remote locations including China, Indonesia, Bolivia and Saudi Arabia. Most recently he successfully project managed an open pit from feasibility through to the approval in Java, managing a 10million dollar budget with 35 consultancies setting up contracts and systems to commission production.


BASIL BOTHA - Executive Chairman and Director
Mr. Botha brings more than 30 years international mining and marketing experience to Nordic Gold. Mr.Botha has extensive knowledge of the metals markets in Asia, North America, and Africa and brings significant company building experience. Mr. Botha is currently Chairman of Lithium Energy Products. He is past Chairman of Lithium America’s (“LAC”) and Past President and Chief Executive Officer of G4G Resources Ltd. All of which are listed on the TSX or TSXV.
Mr. Botha holds an MBA from the University of the Witwatersrand, South Africa.

Mr. Sarjeant is a professional geologist with mineral exploration and development experience in North and South America and throughout Africa, Asia and Europe.  Mr. Sarjeant’s career in mineral exploration spans 25 years.  He has extensive experience having served as President & CEO roles for several small cap exploration and development companies and is currently a director and consultant to a number of private and public mining companies.  He is also the President, CEO and founder of Doublewood Consulting Inc. that provides technical and management services to the mineral exploration industry.  Mr. Sarjeant holds a BSc (honors) in geological sciences from Queen’s University in Kingston, Ontario and is a member of the Association of Professional Geoscientists of Ontario. Mr. Sarjeant is the Qualified Person for Lithium Energy Products Inc. under NI 43-101.

Dr Pollard is a geologist with global experience in mineral exploration and development. He holds a PhD from James Cook University and is a Chartered Professional Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. Dr Pollard is a non-executive director of Asiamet Resources Limited.

ERNEST M. CLEAVE - Director 
Mr. Cleave is financial executive with extensive capital markets experience; Goldcorp, Falconbridge, Grandview Gold, Cline Mining. Currently Mr. Cleave is CFO of Largo Resources.

DAVID FOREST - Director 
Mr. Forest is founder and COO – Sunward Resources, COO – Condoto Platinum and VP Exploration – Asia Pacific Mining. Formerly – Investment analyst with Casey Research.


1001 - 409 Granville Street Vancouver, BC V6C 1T2

Email: [email protected]

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