orea mining corp said tuesday that the french government has approved its acquisition of an openpit gold mine in a deal worth 100 million canadian dollars 77 million vancouverbased orea will acquire a 5501 interest in the 5 millionounce mine from nord gold plc a private company facing sanctions related to the russiaukraine conflict the deal gives orea 100 control of the montagne dor mine in french guiana but the company is awaiting a decision by the supreme court of france regarding the renewal of the pits mining titles the mine is in the permitting stage and is expected to produce 100000 ounces of gold a year orea will only be obligated to pay nord gold when orea receives all permits and authorizations for the mine nord gold was placed under sanctions by the us office of foreign assets control on june 2 for aiding in the war effort by russia against ukraine oreas deal is subject to the approval or nonobjection of all applicable sanctions authorities including the uk and the us