London, United Kingdom, 13 September 2018 — Nord Gold SE (Nordgold or the Company), the internationally diversified gold producer, is pleased to announce that its new Russian flagship asset, the Gross mine in Yakutia was formally launched on 12 September during the Eastern Economic Forum. The ceremony was attended by CEO Nikolai Zelenski together with Dmitry Kobylkin, the Minister of Natural Resources and Environment of the Russian Federation, Vladimir Solodov, Acting Chairman of the government of Yakutia, and Evgeny Kiselev, Deputy Minister of Natural Resources — Head of the Federal Subsoil Resources Management Agency (Rosnedra).
Gross is expected to produce 200 koz of gold per year over a period of 17 years, raising Nordgold into the selected group of gold miners worldwide producing in excess of 1 million ounces every year. According to JORC 2012, the Gross mine’s Mineral Resources are estimated at 9.74 moz, and Ore Reserves at 4.4 moz.
I am proud to launch our third new mine and would like to thank all our employees for their commitment, expertise and talent bringing this new project to completion, once again on time and on budget.
It is a privilege to welcome Mr Kobylkin, Mr Solodov and Mr Kiselev to the opening ceremony and we thank them for their support and interest on this important project. Gross has brought 900 new highly skilled jobs to the region, and we expect the mine to be a major contributor to the economic and cultural growth of the region.
Gross is a significant new asset for Nordgold and turns us into a one million ounce producer for the first time in our history. I believe we have firmly cemented Nordgold as a truly world leading developer of new gold mine assets. 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. Nikolai ZelenskiChief Executive Officer of Nordgold
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