Nordgold Targets 25 Metric Tons of Gold Production in Yakutia by 2028
The mining company plans to bring two additional processing plants online that year to reach the production goal.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Russian gold miner Nordgold plans to reach an annual production level of 25 metric tons of gold at its operations in the Yakutia region by 2028, the company said.
To reach that target, Nordgold said it intends to commission two additional processing plants in the region during 2028, expanding its existing processing capacity in one of Russia's major gold-producing areas.
Yakutia, a vast and resource-rich region in Russia's Far East, hosts significant mineral deposits and has become an increasingly important hub for the country's gold mining industry.
The company did not immediately disclose the specific investment figures tied to the planned plant construction or further technical details of the expansion project.
Nordgold operates mining assets across several countries and has in recent years focused on expanding output from its Russian operations amid broader efforts within the industry to increase domestic gold production capacity.
Further details on the timeline for construction of the two new plants were not provided.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
Rosatom enters top 14 transport operators among BRICS nations, CEO says
Rosatom chief Alexey Likhachev said the Russian state nuclear corporation now ranks among the top 14 transport operators in the BRICS bloc, with ambitions to climb further through marine logistics.
Lavrov says US has acknowledged Russia's position on a potential Ukraine meeting
Russia's foreign minister said Washington had taken note of Moscow's stance, while repeating Russian allegations about strikes on civilian targets in Ukraine.
Moscow court fines TikTok and Google $116,987 each over administrative offenses
The Tagansky District Court issued the fines against both companies, which have faced repeated penalties in Russia in the past.
Russia's International Reserves Fall 4.85% in September to $731.76 Billion
Data cited by TASS shows a monthly decline in Russia's international reserves, though separate figures in the report differ slightly on the exact total.
Russian Missile Strike Hits Paper Mill in Ukraine's Obukhiv, Sparking Fires
A missile strike on October 7 damaged production and warehouse facilities at a paper mill in the Kyiv region town of Obukhiv, according to Ukrainian officials.
Russia's Sanitary Watchdog Says No Epidemic Risks in Irkutsk Region
Rospotrebnadzor has briefed the World Health Organization on the situation in the region, reporting no epidemic risk.