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.