GOLD NEWS

Russia's Nordgold to begin commissioning at Tokko processing plant in Yakutia by late 2025/early 2026

Fri Dec 20 2024

Gold mining company Nordgold plans to start commissioning at the Tokko processing plant, currently under construction at the Tokko deposit in Yakutia, by late 2025 or early 2026, the company said. The company intends to include the Roman deposit in production in the future. Licensing and project documentation is currently being prepared for the deposit.

Nordgold's investments in the Tokko and Roman projects are estimated at 83.1 billion rubles, excluding VAT, according to Far East Development Ministry. Nordgold ranks among the top 10 gold producers in Russia. The group also has assets in Kazakhstan, Guinea, and Burkina Faso. According to the latest available data, the controlling shareholder is Marina Mordashova.

Source: https://interfax.com/