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Nordgold Plans Investment to Increase Reserves and Production
Mar. 12, 2012 11:01AM PST
Precious MetalsBloomberg reported that Nordgold (LSE:NORD) said it will spend $800 million to double reserves over the next four years.
Bloomberg reported that Nordgold (LSE:NORD) said it will spend $800 million to double reserves over the next four years.
As quoted in the market news:
The gold producer, listed in London, will invest $800 million through 2015 to increase reserves from 8.2 million ounces now and boost output almost 60 percent to about 1.2 million ounces, Chief Executive Officer Nikolai Zelenski said.
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