The state-owned stake in the gold mining company "Yuzhuralzoloto" (UGK) has been sold on the fourth attempt. The winner was JSC "BTS-Most Holding" owned by Ruslan Baysarov, which offered 93.16 billion rubles with an initial lot price of 162 billion. The bidding was conducted under the Dutch system with a decrease – the price fell almost to the cut-off level, after which bidding began to increase.
The lot included 67.2% of UGK shares and several affiliated enterprises. The assets were transferred to the state by court decision in July 2025. The company's resources are 46 million ounces of gold equivalent, production in 2025 is 12 tons of gold, the plan for 2026 is up to 14 tons.
For "BTS-Most", this is the first deal in gold mining. Baysarov himself explained to "Kommersant" that the company's interest extends far beyond precious metals.
Our focus is not only on gold, but also on the entire range of metals of the future: gold, silver, copper, lithium, platinum group metals, rare earth metals.
The construction holding already owns coal assets, and is now entering the sector with a view to consolidating promising deposits.
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