АО "Охотская горно-геологическая компания"

What АО "Охотская горно-геологическая компания" does

AO "Okhotskaya Gorno-Geologicheskaya Kompaniya" (Okhotskaya GGK) is a privately held Russian joint-stock company founded in 1998 that operates vertically integrated gold and silver mining and processing assets in the Khabarovsk Krai region of the Russian Far East. Its core operations center on the Khakandzhinsky Mining and Metallurgical Complex (GMK Khakandzhinsky) in the Okhotsky Municipal District, which houses a gold extraction plant (ZIF) with 600,000 tons of annual ore processing capacity, and the Kundoormi gold deposit in the Ayano-Maysky District, which holds balance-sheet reserves of more than 14 tonnes of gold and 29.2 tonnes of silver. The company reports a workforce of more than 750 specialists (with the company website headlining more than 1,000), of whom more than 80% work on rotational shifts at remote operating sites.

The company processes ore using cyanide leaching followed by zinc-powder precipitation via the Merrill-Crowe method, producing zinc cementite — an intermediate precious-metals concentrate that it sells directly to Russian precious-metals refineries (аффинажные заводы) for final metal extraction. It operates an integrated logistics chain: the Kiran production base on the southern shore of the Sea of Okhotsk serves as the transfer hub between the Kundoormi mine and the Khakandzhinsky ZIF, with ore moved via maritime barging during the navigation season and via winter road in the off-season; a Road Construction Unit (DSU), established in August 2022, maintains the Kundoormi–Kiran haul road. The ZIF also processes third-party tolling ore and historical stockpile material.

From 1998 until 2017–2018, Okhotskaya GGK operated as part of AO Polymetal, producing approximately 2 million ounces of gold equivalent across four deposits (Khakandzhinskoye, Yuryevskoye, Ozernoye, Avlayakan). In 2017–2018, Polymetal Int divested 100% of the Khakandzhinsky project to a group of private Russian investors. Following the change of control, the company has pursued active expansion: open-pit construction at Kundoormi began in 2020–2021, underground mining at Kundoormi commenced in 2022, and in H2 2021 the company added two new prospective sites — Sergeevskoye in Kamchatka and Levoberezhnoye in Okhotsky District — while in summer 2024 it launched exploration at the Razdolny prospect. Its stated 10-year objective is to replenish its mineral resource base and scale production capacity.

Name

АО "Охотская горно-геологическая компания"

Legal name

Акционерное общество «Охотская горно-геологическая компания»

Website

https://oggk.ru

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

AO "Okhotskaya Gorno-Geologicheskaya Kompaniya" (Okhotskaya GGK) is a privately held Russian gold and silver miner operating a 600,000 ton/year cyanide-leaching plant at GMK Khakandzhinsky and the Kundoormi deposit in Khabarovsk Krai, selling zinc cementite concentrate to Russian precious-metals refineries.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

akta.pro secondary industry

Silver Mining (IMAKAEAB)

Keywords

• Gold mining operations
• Precious metals extraction
• Ore processing services
• Mineral resource extraction
• Mining and metallurgy

Headquarters

HQ city

Хабаровск (Khabarovsk)

HQ country

Russia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Others

Revenue model

1. Precious metals mining and processing: Company operates gold extraction plant (ЗИФ) processing 600,000 tons of ore per year. Extracts gold and silver from ore using cyanide leaching and Merrill-Crowe process. Final product is zinc cementite sold to refineries (аффинажные заводы) for final precious metal extraction.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

АО "Охотская горно-геологическая компания" is a Russian mining and processing operator that extracts gold and silver ore from deposits in Khabarovsk Krai (including the Kundoormi site) and processes it at its ZIF (gold-extraction factory) at the Khakandzhinsky mining complex. The core sellable output is zinc cementite — an intermediate precious-metals product obtained via cyanide leaching and the Merrill-Crowe process — which is sold to downstream refineries for final refining into Dore/gold/silver.

Product overview

AO Okhotskaya GGK operates a vertically integrated gold mining and processing business in Khabarovsk Krai, Russia. The company consists of a gold extraction plant (ZIF) at GMK Khakandzhinsky with 600,000 tonnes/year capacity, the Kyndumi gold mining site in Ayan-Maysky district (with balance reserves of 14+ tonnes gold and 29.2 tonnes silver), and the Kiran logistics base for maritime ore transport. The company employs over 1,000 specialists and produces zinc cement as final product through cyanide leaching and Merrill-Crowe processing technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Zinc cementite (intermediate gold/silver product) Intermediate precious-metals product (zinc cementite / zinc cement) produced by cyanide leaching and the Merrill-Crowe precipitation process from ore mined at the company's Khabarovsk Krai deposits; sold to downstream precious-metals refineries for further refining into Dore bars and refined gold and silver.

Quantifiable outcome

• 25% increase in precious metals production in 2021
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Администрации муниципальных районов (Municipal district administrations)coreStrategic or Co-development PartnerCompany maintains ongoing social-economic partnership agreements with Okhotsky Municipal District and Ayano-Maysky Municipal District administrations. Supports cultural, educational, and ecological projects, provides assistance to indigenous northern peoples, and participates in infrastructure development.

Scale indicators7 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Newmont Corporation: World's largest gold miner with global portfolio including integrated mining and processing operations. Comparable by commodity exposure and use of conventional gold extraction technologies, though vastly larger scale and publicly listed.
• Barrick Gold: Top-tier global gold and copper miner with operations across multiple continents. Comparable as a vertically integrated precious metals producer using industry-standard processing routes, though at a fundamentally different scale and geographic footprint.
• Kinross Gold: Major global gold producer with operations in Russia (historically via Kupol/Dvoinoye) and elsewhere. Comparable by commodity and processing approach (cyanide leach + Merrill-Crowe), though substantially larger and geographically diversified.
• PJSC Polyus: Largest gold producer in Russia and a top-5 global gold miner. Operates multiple large-scale open-pit and underground gold mines with integrated processing, including in Far East regions — comparable by commodity and vertical integration model, though materially larger in scale.

Direct peers

• Polymetal International: Former parent company that sold the Khakandzhinsky/Kundoormi assets to Okhotskaya GGK in 2017-2018. Polymetal is one of the world's largest silver producers and a major Russian gold miner, operating similar integrated mining-to-zinc-cementite processing flows in the Far East.
• Highland Gold Mining: Russian-focused gold miner with producing assets in Khabarovsk Krai, Zabaykalsky Krai, and Chukotka. Closely comparable in geography, deposit style, and mid-tier private-producer profile.
• Nordgold: Privately-held Russian gold mining company with a portfolio of producing and development assets, including in Russia and West Africa. Directly comparable as a mid-tier, vertically integrated private gold miner focused on reserve growth and operational efficiency.
• Petropavlovsk PLC: London-listed Russian gold miner with major operations in the Amur region of Far East Russia. Operates integrated open-pit and underground mines with on-site processing — a close match for Okhotskaya GGK's geographic and operating model.
• Susumanzoloto: Russian gold mining company operating primarily in Magadan region of the Russian Far East. Comparable as a regional mid-tier gold producer using conventional cyanide-leach processing for placer and ore deposits.
• Pavlik Gold: Russian gold mining company operating the Pavlik deposit in Magadan region with on-site processing facilities. Directly comparable as a mid-tier Russian Far East gold miner with integrated mining and processing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%D0%B0%D0%BE-%D0%BE%D1%85%D0%BE%D1%82%D1%81%D0%BA%D0%B0%D1%8F-%D0%B3%D0%BE%D1%80%D0%BD%D0%BE-%D0%B3%D0%B5%D0%BE%D0%BB%D0%BE%D0%B3%D0%B8%D1%87%D0%B5%D1%81%D0%BA%D0%B0%D1%8F-%D0%BA%D0%BE%D0%BC%D0%BF%D0%B0%D0%BD%D0%B8%D1%8F

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 АО "Охотская горно-геологическая компания"