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Northgold (NG) investor relations material

Northgold Q1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2025 earnings summary23 May, 2025

Executive summary

  • Q1 2025 marked by a 9% increase in Kopsa gold-copper resource to 814,800 gold-equivalent ounces, with 69% now in Measured and Indicated categories.

  • Entered binding agreement to sell Finnish subsidiaries to Nordic Resources Limited for 34 MSEK (shares and cash), enabling an orderly wind-down and planned liquidation of Northgold.

  • Shareholders to receive Nordic Resources shares, retaining exposure to project upside.

Financial highlights

  • Net sales were KSEK 0 (Q1 2024: KSEK 0); operating loss after financial items was KSEK -2,054 (Q1 2024: KSEK -2,553).

  • EBITDA for Q1 2025 was KSEK -1,740 (Q1 2024: KSEK -2,373).

  • Cash flow from operating activities improved to KSEK -1,417 (Q1 2024: KSEK -1,779).

  • Cash and cash equivalents at March 31, 2025: KSEK 838 (March 31, 2024: KSEK 641).

  • Equity at period end: KSEK 32,393 (March 31, 2024: KSEK 46,318).

Outlook and guidance

  • Transaction with Nordic Resources expected to provide near-term liquidity and maximize shareholder value through asset exposure.

  • Company to be liquidated following completion of subsidiary sale and appointment of liquidator.

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Frequently asked questions

Northgold AB is a Swedish gold exploration and development company, primarily focused on projects in the Middle Ostrobothnia Gold Belt of Central Finland. Established in 2020, Northgold operates several resource-stage projects, including the Kopsa, Kiimala Trend, and Hirsikangas projects. These projects involve significant gold mineralization and often include copper deposits. The company's strategic efforts are aimed at expanding its resource base through ongoing exploration and development activities. Northgold is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.

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