- Business
- PJSC Buryatzoloto engages in the exploration, mining, and processing of gold and precious metal ores primarily in the Republic of Buryatia, Russia. Founded in 1991 and headquartered in Ulan-Ude at St. Shalyapina 5V, the company operates key underground mines including Irokinda and Zun-Holba, along with smaller placer operations such as Nerunda, Oralikan, and Eleniniski Kochey; it employs crushing, grinding, gravity, flotation, and carbon-in-pulp (CIP) processing circuits, with flotation concentrate from Irokinda shipped to Zun-Holba for final treatment. PJSC Buryatzoloto serves domestic markets through gold and silver production, with sales concentrated in the Russian Federation, and functions as a majority-owned subsidiary of Nord Gold plc, which holds approximately 93% ownership following stake increases including a 7.7% acquisition in 2014. Recent developments include the 2021 divestiture of the Zun-Holba Mine to Chesio Limited, ongoing reserve replenishment at Irokinda to offset mined-out ore, and a strategic emphasis on low-cost operations amid geopolitical sanctions listings since 2023.