Susumanzoloto

Name

Susumanzoloto

Legal name

Aktsionernoe Obshchestvo "Susumansky Gorno-Obogatitelny Kombinat "Susumanzoloto" (АКЦИОНЕРНОЕ ОБЩЕСТВО "СУСУМАНСКИЙ ГОРНО-ОБОГАТИТЕЛЬНЫЙ КОМБИНАТ "СУСУМАНЗОЛОТО")

Website

https://sugold.ru

Company type

Public

Founded year

1938

Operating status

Operating

Short description

Susumanzoloto is a Russian joint-stock gold mining holding headquartered in Magadan that operates through 14 wholly-owned subsidiaries conducting placer dredge mining and ore (hard-rock) mining across Magadan Oblast and Sakha Republic, selling gold as a commodity to central banks, jewelers, and investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Magadan

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Gold mining and sales: Extraction and sale of gold as a commodity through subsidiaries operating placer and ore mining operations. Revenue is generated through the sale of extracted gold on commodity markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Susumanzoloto is a Russian gold mining holding company that extracts gold from placer deposits via dredging and from ore deposits via underground and open-pit mining, then processes and sells the gold as a commodity on the market. It operates a network of wholly-owned subsidiaries covering placer mining, ore mining, ore processing, geological exploration, and corporate management across Magadan Oblast and the Oymyakon district of Yakutia.

Product overview

AO «Сусуманзолото» is a gold mining holding company operating through 14 subsidiaries across two main business segments: placer gold mining (9 subsidiaries including OOO «Дражник», OOO «Север», OOO «Новый путь», OOO «Астра», OOO «Герба», OOO «Базовый», OOO «ГГП «Иткана», OOO «Чай-Урья Золото», OOO «Карьер Челбанья») and ore gold mining (3 subsidiaries: OOO «Рудник Штурмовской», OOO «Электрум Плюс», AO «ЗРК «Омчак»). The company also operates exploration subsidiary OOO «Разведчик» and the management company AO «Сусуманзолото» itself. The integrated business model combines geological exploration, extraction using both placer (dredging with hydraulic thawing in permafrost) and ore mining methods, and enrichment facilities supported by modern equipment including a dredge fleet, earthmoving machinery, and automotive transport. The company pioneered dredge mining in permafrost conditions in Russia and was first to implement drilling-and-blasting technology for overburden removal.

Differentiator

Problem solved

Functional benefit

Products and services

• Placer Gold Mining Operations Alluvial gold extraction from placer deposits using dredging technology combined with hydraulic thawing in permafrost conditions; the company pioneered dredge mining in Russia's Far North. Customers are gold commodity buyers.
• Ore Gold Mining Operations Underground and open-pit mining of gold ore deposits, including processing and enrichment operations at facilities such as the Omchak gold mining complex; produces gold doré/refined gold for sale to commodity buyers.
• Geological Exploration of Gold Deposits Exploration and field investigation of new gold deposits to replenish the group's resource base, conducted in-house by the Razvedchik subsidiary in support of the holding's mining operations.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Petropavlovsk PLC: Petropavlovsk was a London-listed Russian gold miner with hard-rock operations in the Amur region near Magadan. It shares comparable gold-only commodity exposure, Russian jurisdiction, and ore-mining operating model.
• Polymetal International: Polymetal was a leading Russian gold and silver miner with operations in Magadan Oblast (e.g., Dukat, Omolon) and elsewhere. It is a direct peer given overlapping Russian gold jurisdiction, hard-rock and placer production, and similar commodity sales model.
• Seligdar: Seligdar is a Russian gold and tin miner, publicly traded in Moscow, with both placer and ore gold production across Yakutia and other Far East regions. Directly comparable as a mid-tier Russian gold miner with placer/origin dual model and similar sales channels.
• B2Gold: B2Gold is a mid-tier international gold producer with multiple operating mines and a focus on cash-flow generation. Comparable as a mid-tier gold-only miner with a similar cost-discipline and commodity-sales model, though operating outside Russia.
• Highland Gold Mining: Highland Gold is a UK-listed (now de-listed) gold producer focused on Far East Russia, including the Mnogovershinny and Belaya Gora mines. Direct overlap with Susumanzoloto on geography (Khabarovsk/Magadan) and hard-rock gold mining approach.
• Nordgold: Nordgold is a Russian-headquartered international gold miner with multiple operating mines in Russia and West Africa. It is a direct peer: similar mid-tier gold producer model combining placer/origin and hard-rock assets, with comparable target buyers and commodity exposure.
• GV Gold (Vysochaishy): GV Gold is one of Russia's largest privately held gold producers, operating hard-rock mines in Irkutsk Oblast and Yakutia. Comparable to Susumanzoloto as a Russian mid-tier gold miner focused on ore processing and commodity sales to similar buyers.

Broad incumbents

• Polyus Gold: Polyus is the largest gold producer in Russia and one of the top globally, operating major hard-rock and alluvial assets in Siberia and the Far East. It is a broad incumbent that overlaps with Susumanzoloto across gold extraction, processing, and Russian commodity sales channels.
• Kinross Gold: Kinross is a global senior gold producer that previously operated assets in Russia (Kupol/Dvoinoye in Chukotka, near Magadan). Broad incumbent peer given scale, multi-asset gold portfolio, and exposure to Russian Far East operating conditions.

Regional players

• Centerra Gold: Centerra Gold is a North America-focused mid-tier gold producer with operations in Canada, the US, and previously Kyrgyzstan. Comparable as a mid-tier gold-only miner with placer and hard-rock operations, but does not directly compete in Russia.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks2 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Susumanzoloto