In January-September, Nordgold reduced gold production by 5%

In the first nine months of 2015, Nordgold of businessman Alexei Mordashov reduced the total gold production in Russia and abroad by 5% as compared to the same period a year earlier to 708.2 thousand ounces (22 tons), the company reports.

The fall is explained by the planned reduction in the production at the Taparko mine due to cutback of pit-35 for provision of the enterprise with ore in the future, as well as due to the fact that part of the Dore bead, produced at mines in Burkina Faso, wasn’t refined in the third quarter due to the political instability. This metal was refined and sold in October.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer