The Nordgold SE board of directors decided to sell the Zun-Kholba deposit in the Republic of Buryatia.
The sale is expected to take place until the end of the year, and the company has already carried out negotiations with some buyers.
As of December 31, 2019 the balance cost of the deposit was $25.1 million. But Nordgold intends to sell it for $3 million.
In May 2019, the license to develop the deposit was transferred from Buryatzoloto to Zun-Kholba LLC. (Ukrainian metal)
