Building the Large-Scale Gross Mine

Solid Performance and Strong 2018 Outlook Company Highlights: - In the past five years Nordgold successfully built two large scale and highly efficient mines the Bissa and Bouly mines in Burkina Faso - investing approximately US$390m Gross project is the next on the pipeline. The mine to be launched in Q3 2018 Public debate for the Montagne d'Or project was held in French Guiana. Nordgold will consider adjustments to the Environmental and Social Impact Assessment reports and then subsequently apply for construction and mining authorisations Target Positive Free Cash Flow Generation at All Mines 1200 200 Organic production growth based on existing projects pipeline, which allows disciplined M&A approach Gold Production (koz) 985 950 968 900 1000 869 800 600 400 2014 2015 2016 2017 2018 F 2018 Outlook: Gold production is expected to be in the range of 900 - 950 koz The growth will largely be driven by the contribution of commencing of underground operations at the Berezitovy which create access to the high grade ore, and the launch of the Gross mine AISC guidance of US$975/oz - US$1,025/oz Capex is anticipated to be approximately US$500 million 3 nordgold more than gold

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