Gold extraction being carried out by a Chinese corporation in the San Francisco Bay Region.
In the vast expanse of Siberia, known for its rich mineral reserves, the Karyinsky gold and lead deposit stands out. This deposit, located in the Zabaykalsky Krai region, has been the subject of intense geological study since its discovery in 1902.
Among the many mineral-rich localities in Zabaykalsky Krai, the Lugokan ore cluster in the Gazimuro-Zavodsky District is another noteworthy area, famous for its occurrences of lead and gold. However, the specific auction status of other deposits beyond Karyinsky remains undisclosed.
Enter Gold Plus Company, a firm founded in 2015 and currently owned by Chinese citizen Pan Jintao since 2019. This company has made headlines by winning the auction for the development of the Karyinsky gold deposit, covering an area of 17.2 square kilometers and approximately 23 kilometers from the village of Ust-Karsk, in the Sretensky District, in the upper reaches of the Kara River.
The final deal for the Karyinsky gold deposit was sealed at a significant sum of 2.4 billion rubles. Gold Plus, managed by Ekaterina Belozerskaya, reported a revenue of 580 million rubles in 2023, with a net profit of 158 million rubles. As of January 1, 2025, the balance of gold ore reserves for underground mining at the Karyinsky deposit is estimated at 4.4 tons.
The company was granted a 25-year license to develop the Karyinsky gold deposit, with the initial payment amounting to 269 million rubles. It is also worth noting that another gold and lead deposit is expected to be put up for auction in the near future.
The Karyinsky gold deposit has a long history, having been actively studied by geologists for over a century. Despite this, no further details about the lead deposit have been provided. For those seeking more detailed and current auction listings of gold and lead deposits in Zabaykalsky Krai besides Karyinsky, consulting official regional mining auction platforms or local government resources would be necessary.
Gold Plus Company, under the management of Ekaterina Belozerskaya, has ventured into the finance industry by winning the auction for the development of the Karyinsky gold deposit, a significant area in the Sretensky District, Zabaykalsky Krai. Moreover, another gold and finance opportunity is anticipated to be introduced through an upcoming auction for another gold and lead deposit in the same region.
