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We are an independent company, no longer part of Severstal Group. We don't lose out on anything because of this, or at least not more than any other company.
We are in a good position at the moment: we are growing, not falling away. We believe that any market crisis brings opportunities. At the moment we are actively developing our mines in Western Africa -- in Burkina Faso last year we launched a new well, which is profitable and which covers some of our other losses.
Nordgold is looking for new assets all over the world. We have the opportunity to make several new acquisitions, because we have received various propositions since the market fell, and we are optimising our operations.
We are changing our policies slightly with regards to geological exploration work. We are concentrating the process, rather than phasing it out.
We are currently concentrating our exploration work in Western Africa, and as you know we recently acquired a new object in South Africa, 'Columbus'. This is a new asset that we are actively developing. We are also planning new geological exploration work in Burkina Faso, and also have plans to increase our resource base.
Last year we almost finished exploration work on the 'Gross' mine -- and we are currently preparing it for production. And this will benefit us, as we focus on developing our best mining facilities. Our wells in Kazakhstan are growing -- we mine gold there.
We don't think that the price of gold will drastically increase. It may just become more stable. The price that we saw a few years ago was an inflated price -- 1,200-1,500 is more realistic, and a better one to count on for our future work.