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Nordgold announces sale of Zun-Holba Mine

Published by , Editor
Global Mining Review,


PAO Buryatzoloto (93%-owned by Nord Gold plc, an internationally diversified gold producer), has announced that it has signed an agreement with Chesio Ltd to sell the mature underground Zun-Holba gold mine, located in the Republic of Buryatia in Russia.

Zun-Holba produced 7300 oz of gold equivalent produced in 2020. It has been operational for 35 years now (since 1986) and its gold reserves are largely depleted.

Read the article online at: https://www.globalminingreview.com/finance-business/20042021/nordgold-announces-sale-of-zun-holba-mine/

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Russian mining news Gold mining news