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Nordgold won an auction for the extraction of ore gold in the Amur Region

The auction for the right to use subsoil for geological study, mining and exploration of ore gold in the Tyndinsky District of the Amur Region was won by Berezitovy Rudnik LLC controlled by Nordgold.

The plot area is 365 sq. Km. In the category Р3 of the Russian classification, the resource potential of the subsoil amounts to 46,8 tonnes of gold and 393 tonnes of silver. The license period is 20 years, the price is about 60 thousand dollars.

As previously reported in EastRussia, at the end of 2014, the Berezitovy Mine gold mining enterprise achieved a record volume of refined gold production in the amount of 3,82 tons, compared to 3,74 tons in 2013.

Similar results were achieved due to higher content of gold in ore (by 3% to 2,26 gm) and extraction ratio (by 0,7 percentage point to 90,2%), as well as increased processing volumes of gold-bearing ore 9% to 1 million 800 thousand .t tonnes.

“Over the past year, Berezitovy Mine has achieved a high level of productivity, while mining costs have decreased by more than 20%. The gold recovery plant processed more than 230 tons of ore per hour ", - noted Denis Ryzhkin, executive director of Berezitovoy mine.

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