StockMarketWire.com - Nord Gold NV has launched an innovative Outotec HiTECC (Hot Leach) process at its Suzdal mine in Kazakhstan to recover gold from both historical and CIL future tailings.

Suzdal is the second mine worldwide to launch a commercial Outotec HiTeCC circuit.

The installation of the innovative HiTeCC highlights the strength of Suzdal's management team under Grigorii Iakovenko, General Director and deep technical expertise of Nordgold's international processing team under Philip Engelbrecht, Director of Metallurgy.

The first commercial Hot Leaching technology was built in 2009 at the Crocodile Gold Corp's Fosterville BIOX operation near Bendigo, Australia.

Suzdal produced 75.3 koz of gold in 2015. The HiTeCC circuit will produce an additional 9 -14 koz of gold dore per year for 10 years, a total of approximately 90 - 140 koz, generating additional profits.

HiTeCC life-of-mine AISC is expected to be approximately US$420 per ounce. Suzdal AISC decreased to US$476/oz in Q1 2016 from US$575/oz in Q4 2015 and US$828/oz in Q1 2015.






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