Buryatzoloto

What Buryatzoloto does

Buryatzoloto (PAO Buryatzoloto) is a Russian gold mining Public Joint Stock Company headquartered at Shalyapina Street 5V, Ulan-Ude, Republic of Buryatia, with shares listed on the Moscow Exchange under ticker BRZL. Its core business is gold extraction and production from mining sites in the Republic of Buryatia, Siberia, as part of the Nordgold group of companies. The company has published annual reports and IFRS financial statements dating to at least 2005 and continues to file interim consolidated financial statements through 2023.

Since 2015, Buryatzoloto's executive functions have been carried out by Nordgold Management LLC (OOO Nordgold Management) under a formal management agreement, positioning the entity as a managed subsidiary within Nordgold's international gold mining portfolio. Operational management and administration are conducted from the parent's regional office at Leningradskoye shosse 39, Moscow. Distribution channels consist of B2B sales into commodity markets and direct supply to industrial buyers and financial institutions, with pricing determined by global gold market rates rather than company-set tariffs.

Name

Buryatzoloto

Legal name

Публичное акционерное общество «Бурятзолото»

Website

https://buryatzoloto.ru

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Buryatzoloto (PAO Buryatzoloto) is a publicly traded Russian gold mining Public Joint Stock Company headquartered in Ulan-Ude, Republic of Buryatia. It produces gold at mining sites in Siberia as a managed subsidiary of the international Nordgold group, selling into global commodity markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Ulan-ude

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Distribution channels1 record

Marketing channels2 records

Core offering

Buryatzoloto is a Russian gold mining company that conducts underground mining and extraction of gold-bearing ore at its deposits in the Republic of Buryatia, Russia, including the Irokindinskoe deposit (Месторождение Ирокинда). The company processes and produces gold for sale to industrial buyers and commodity markets.

Product overview

Buryatzoloto (ПАО "Бурятзолото") is a gold mining company operating in the Republic of Buryatia, Russia, as a subsidiary of Nordgold. The company conducts gold mining operations at various mining sites in the region. As a mining enterprise, the company does not offer technology products or software services; its primary business is the extraction and production of gold.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Mining Operations Underground mining and extraction of gold-bearing ore at deposits in the Republic of Buryatia, Russia, including the Irokindinskoe deposit (Месторождение Ирокинда). Ore is processed to produce gold for sale to industrial buyers and commodity markets.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nordgold (Нордголд)coreStrategic or Co-development PartnerNordgold is the parent company of Buryatzoloto. Nordgold is an internationally diversified gold mining company with operations in Russia, Kazakhstan, Burkina Faso, Guinea, and other countries. Buryatzoloto operates as a subsidiary under the Nordgold group, with Nordgold Management LLC providing management services.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Gold Fields: Gold Fields is a major diversified gold producer with operations in Africa, Australia, and the Americas. Comparable as a globally listed mid-to-large gold peer for benchmarking valuation, capex intensity, and dividend policy.
• Kinross Gold: Kinross is a major international gold producer with operations across the Americas and West Africa. It provides a benchmark for mid-tier gold miner valuation, cost discipline, and capital allocation that frames Buryatzoloto's relative scale and efficiency.
• Barrick Gold: Barrick is one of the world's largest gold miners. While not Russian-exposed, it serves as the global gold sector benchmark for cost curves, reserve life, and valuation multiples applicable to a producer like Buryatzoloto.

Direct peers

• Polyus: Polyus is Russia's largest gold producer and the most direct comparable to Buryatzoloto: a domestically focused gold miner producing from multiple Siberian and Far East deposits, listed in Moscow and London. It competes with Buryatzoloto for talent, capital, and reserve positions in the Russian gold belt.
• Seligdar: Seligdar (PAO Seligdar) is a Moscow-listed Russian gold and tin producer with operations in Yakutia, Buryatia, and the Far East. It is comparable as a domestically listed, multi-asset Russian gold miner targeting similar regional mining talent and infrastructure.
• Nordgold: Nordgold is Buryatzoloto's parent company and an internationally diversified gold miner with operations in Russia, Kazakhstan, Burkina Faso, and Guinea. It is the closest strategic and operational peer, sharing management infrastructure and overlapping Russian asset footprints.
• Polymetal International: Polymetal is a London-listed gold and silver producer with significant Russian (Magadan, Khabarovsk, Buryatia) and Kazakh operations. It directly overlaps with Buryatzoloto in geography (Buryatia) and product mix, making it a strong operational and capital-markets comparable.
• Petropavlovsk PLC: Petropavlovsk is a London-listed Russian gold miner operating in the Amur region. Although headquartered and listed internationally, its Russian gold asset base and scale make it a directly comparable producer and a potential consolidation peer.
• Highland Gold Mining: Highland Gold is a London-listed gold miner with a portfolio of Russian assets in Khabarovsk, Zabaikalye, and Buryatia. It directly overlaps with Buryatzoloto on geography and business model as a Russian-focused mid-tier gold producer.
• Yuzhuralzoloto Group (UGK): Yuzhuralzoloto is one of Russia's largest privately held gold producers, with mining and processing assets in the Urals, Krasnoyarsk Krai, and Buryatia. It is a relevant peer on Russian-domiciled mid-tier gold production and competes in the same procurement, labour, and regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Buryatzoloto