New Palace International Co. Ltd. (8940)

Overview

Public Joint Stock Company Buryatzoloto is a distinguished entity operating in the mining industry, specifically focusing on the exploration and extraction of gold within the Republic of Buryatia. Founded in 1991, and headquartered in Ulan-Ude, Russia, the company has established a significant presence in the region. Buryatzoloto is recognized for its ownership and operation of two primary underground mines, Kholbinsky and Irokinda, which are strategically located in the Republic of Buryatia. As a subsidiary of High River Gold Mines Ltd., Buryatzoloto plays a crucial role in the gold production sector by contributing to the global gold market through its focused mining operations in this resource-rich area.

Products and Services

• Gold Exploration

  Buryatzoloto engages in the systematic exploration of territories within the Republic of Buryatia to identify viable gold deposits. This crucial activity underpins the company's core business model by securing the foundational resource necessary for its subsequent extraction and production processes.

• Gold Production

  The company is involved in the entire process of gold production, starting from the extraction of gold ore from its underground mines, Kholbinsky and Irokinda. By employing advanced mining techniques and maintaining a strict adherence to environmental and safety standards, Buryatzoloto ensures the efficient and responsible production of gold, contributing significantly to the local and global gold supply.