Nord Gold Q1 Net Income Down 30%

Russia's Nord Gold reported a 30% decline in its first-quarter net income.

Its quarterly net income dropped to $60 million.

Its revenue climbed 8% to $264 million. Gold output dropped 10% to 156,200 troy ounces. Nord Gold's earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 15% to $114 million,

Its EBITDA margin declined to 43% from 55%.