SURFACE

Nordgold's Gross mine opens for business

Nordgold's Gross open-pit gold mine in Russia, the company’s third new mine development to come online since 2013, is now officially an active operation

Staff Reporter
Processing plant at the Gross mine

Processing plant at the Gross mine

A ceremony was held to mark the occasion on September 12, during the Eastern Economic Forum.

The London-headquartered miner said that its new heap leach flagship operation in Yakutia is expected to produce 200,000oz of gold annually for a life-of-mine of 17 years - an achievement which will give it the first-ever distinction of being a one-million-ounce-per-year producer.

CEO Nikolai Zelenski said the opening of Gross, which was on time and budget, has brought 900 new jobs to the region and the company is expecting it will be a major economic contributor.

"I believe we have firmly cemented Nordgold as a truly world leading developer of new gold mine assets," he said.

"This gives us even greater confidence as we look to develop our Montagne d'Or asset in French Guiana, which is expected to be a major catalyst for much-needed economic growth in the country."

Gross' mineral resources from the Tabornoe deposit, according to its 2012 JORC report, are estimated to be 9.74 million ounces; ore reserves are estimated at 4.4 million ounces. Construction first began at the site in June 2016.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalog of 2022 Initial Resource Estimates and recent discovery successes.