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Nordgold approves Gross mine

The gold sector may not be on fire, but there is momentum here after a five-year lull. Nordgold, whose management operates out of the former Soviet Union, has followed Hummingbird Resources by announcing plans to pump funds into development of a new mine after the January bounce in the price boosted market sentiment.

Mining Journal
Gross, like Nordgold's Bissa mine in Burkina Faso (pictured) , will come on line to bolster production

Gross, like Nordgold's Bissa mine in Burkina Faso (pictured) , will come on line to bolster production

CEO Nikolai Zelenski has given the green light for the construction of the large-scale Gross gold mine in southwest Russia, involving a capital cost of US$250 million to produce 230,000 ounces per annum...

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