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Nordgold announces sale of Zun-Holba Mine

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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.

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Russian mining news Gold mining news