March 16, 2011 / 1:05 PM / 7 years ago

UPDATE 1-Barrick Gold's Nevada mine gets nod for full operations

* Says restrictions on Cortez Hills mine removed

* Sees 2011 production of 1.30-1.45 mln from the mine (Adds details)

March 16 (Reuters) - Barrick G0old Corp said U.S. land regulators approved the environmental assessment report for its low-cost Cortez Hills mine in Nevada, removing operational restrictions.

The world’s top gold miner said Cortez Hills has been operating under a tailored injunction, which included certain restrictions on ore transportation, by the U.S. District Court since April 2010.

The entire Cortez property is expected to produce 1.30-1.45 million ounces in 2011 at a cost of $235-$265 per ounce.

Shares of the Ontario-based company closed at C$48.45 on Tuesday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Don Sebastian)

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