Nordgold invests $150 mln into Gross mine in Yakutia

​The investment into the Gross mine in Yakutia will make up about $150 mln, the head of Nordgold, A. Mordashov, said. The start of extraction at this deposit is planned for the end of 2017.

The deposit is located in Yakutia. The license for its development is held by Nordgold. After reaching the full capacity, Gross will produce 230 thousand ounces of gold a year within 17 years.

Nordgold is a gold mining company that comprises the enterprises in Russia, Kazakhstan, Burkina Faso and Guinea. It has 9 mines, 2 projects of development and 4 geological exploration projects with localized resources. In 2015 the company produced 950 thousand troy ounces of gold.

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