- Business
- Auriant Mining AB (publ) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in the Republic of Tyva, Zabaikalsky region and Republic of Khakassia; it operates two producing mines, Tardan and Staroverinskaya (alluvial), alongside the Kara-Beldyr development asset and Uzhunzhul early-stage exploration property; core activities encompass hard rock gold mining via carbon-in-leach processing at Tardan, alluvial gold production outsourced to contractors at Staroverinskaya with royalty receipts, and consultancy services through subsidiaries. The company processes ore through its CIL plant at Tardan, achieving 554.0 kg (17,811 oz) of total gold production in 2024 with an average workforce of 443 employees including contractors; it employs subsidiaries such as LLC Tardan Gold for Tardan operations, LLC GRE 324 for Staroverinskaya (60% owned), LLC Uzhunzhul, LLC Auriant Management, and entities in Cyprus owning LLC Kara-Beldyr. Founded in 2004 and headquartered in Stockholm, Sweden, Auriant Mining was formerly Central Asia Gold AB, renamed in 2012 to reflect its gold focus; it operates as a subsidiary of Bertil Holdings Limited and lists on Nasdaq First North (AUR.ST). Recent developments include the approval of its delisting application from Nasdaq First North Premier Growth Market effective end-January 2025 to cut costs amid sanctions challenges and enhance operational restructuring; shares shifted to Nasdaq First North Growth Market in December 2024; a branch opened in Dubai, UAE in May 2024 for geophysical and geological services; bank loans nearly repaid reducing interest expenses; and ongoing license updates with subsoil use rights confirmed in early 2025, alongside H1 2025 interim reporting in August 2025.