"Berezitoviy mine" reduces the cost of gold production by 19% within first nine months of 2015.
Edited by Rhod Mackenzie / 2015-11-24 06:22:07
Finance Metals and mining Russia Russia mineral extraction Financial results Nord Gold Russia Metals and Mining Gold
Gold Mining Company "Berezitoviy mine" (the Amur Region, Russia), part of the international company Nordgold, maintains its position as producer of gold bullion at low cost.
Within first nine months of 2015 the "Berezitoviy" mine has managed to reduce the cost of gold production based on capital investments by 19% to 591 US dollars per ounce against 732 dollars per ounce within the same period of 2014. It worth noting that the cost considering the capital investment is the sum of total cash costs and capital expenditures required to maintain a constant current level of production.
