- Write by:
-
Thursday, September 13, 2018 - 10:58:02 PM
-
991 Visit
-
Print
Mining News Pro - Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer.
According to Mining News Pro - The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of to Nordgold’s production profile.
Construction of the mine began in June 2016 and the operation was launched this week at a ceremony during the Eastern Economic Forum, in Vladivostok.
“I believe we have firmly cemented Nordgold as a truly world leading developer of new gold mine assets. This gives us even greater confidence as we look to develop our Montagne d’Or asset in French Guiana, which is expected to be a major catalyst for much needed economic growth in the country” said Norgold CEO Nikolai Zelenski.
The Montagne d’Or project host proven and probable reserves of 2.75-million ounces of gold, with considerable expansion potential. In March last year, Nordgold announced a positive bankable feasibility study for the Montagne d’Or project, demonstrating that it has the potential to produce an average of 237 000 oz over the first 10 years of mine life, at an average grade of 1.73 g/t gold, resulting in an average all-in sustaining cost of $749/oz.
Nordgold launched two Burkina Faso mines – Bissa mine and Bouly – in 2013 and 2016, respectively.
Short Link:
https://www.miningnews.ir/En/News/260670
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
No comments have been posted yet ...