Nordgold: A High Growth International One Million Ounce Gold Producer
Large-Scale Gross Mine
Gross - Brief Overview and Summary
Project parameters
Location
Location
Infrastructure
Mine type
Start-up date
Average production
LOM average AISC
Russia, Yakutia
5 km from Taborny operating mine,
accessible by all-season road
Open pit, Heap leach
September 2018
200+ koz
US$760/oz
Gross mine general view
Project Highlights
Gross is the largest Nordgold mine - it produced 259.2 koz in 2019 exceeding its 2019 production
outlook of 230-235 koz.
The mine has large resource base with about 17 years life of mine.
The Gross mine World class ore body: 9.7 Moz at 0.67 g/t in MI&I Mineral Resources and 4.4 Moz at
0.72 g/t in Ore Reserves (as per 31 December 2017)
Straightforward low cost heap leach metallurgy with high recovery rate at about 82.5%
Project has excellent economics with the costs in the 1st quartile of the cost curve and IRR of almost
40% at $1250 gold price
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