Nordgold has one project in construction phase, several prospective projects in feasibility study, preliminary economic assessment and advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada.
— Development and Exploration projects
  • French Guiana

    • Montagne d’Or

      The 3.8 million ounce Montagne d’Or gold deposit is located in north-west French Guiana, 180 kilometers west of the capital, Cayenne, and 80 kilometres south of the department capital, Saint-Laurent-du-Maroni.

      Nordgold has a right to earn a 55.01% interest in the Montagne d'Or deposit by funding a minimum of US$30 million in expenditures and completing a Bankable Feasibility Study by no later than March 2017.

  • Russia

    • Uryakh

      Uryakh is located in the Irkutsk region of Russia, 60 km from the Baikal-Amur main line railway.

      The Uryakh gold licence lies in the ‘Lenskaya gold-bearing province’ of the northern Baikal mineralised belt.

    • Gross

      Gross is an important development project in Yakutia, adjacent to the well-established Neryungri (the Tabornoe gold deposit) open pit heap leach operation. The project is located in the southwestern Yakutia, some 125 km northeast of the Ikabya station on the BAM railway and some 4 km to the east of Neryungri.

      Nordgold has conducted an extensive exploration programme to identify the Gross deposit and its reserves. Proven and probable gold reserves at Gross, as at December 31, 2015, were 4.4 moz, while measured and indicated resources were 7.7 moz and inferred resources were estimated at 0.9 moz.

      The Feasibility Study for Gross confirmed the economic attractiveness of the project giving an IRR of approximately 25% at a long-term gold price of US$1,100/oz and an IRR of almost 40% at a long-term gold price of US$1,250/oz.

  • Canada

    • Pistol Bay

      Pistol Bay Gold Project is a high grade exploration project located in Nunavut Territory, northern Canada, on the west coast of Hudson Bay.

      The Pistol Bay property consists of 860 square kilometers of mineral rights within the underexplored Rankin-Ennadai greenstone belt. An operating mine at Meadowbank and a development project at Meliadine of Canadian gold producer Agnico Eagle Mines Ltd. are located in the same belt as Pistol Bay.

      Nordgold throught its Canadian subsidary Northquest Ltd is the 100% owner of the Pistol Bay Project.


Olga Ulyeva

Head of Media Relations
tel.+7 495 644 44 73 #707 6632


tel.+7 495 644 44 73


tel.+7 495 644 4473 #707 6746