Kopy Goldfields is a Sweden-based mining company that specializes in gold and silver exploration and development. It was established in 2007 and is headquartered in Stockholm, Sweden. The company’s operations are centered in the Lena Goldfields area in the Irkutsk region of Russia.
In 2020, Kopy Goldfields underwent a significant transformation through a merger with the Russian gold producer Amur Zoloto. This merger was part of a five-year strategic development program, which included selective capital investments of approximately USD 130 million until 2025, fully funded by a long-term loan1.
Kopy Goldfields operates both bedrock and placer mines in the Khabarovsk region of Russia. Specifically, it has two bedrock mines, Yubileyniy and Perevalnoe, and two placer mines, Buor-Sala and Khayarylakh2. The company is involved in the development, production, and exploration of mineral resources, focusing on gold as its primary commodity.
Despite its modest size, with 4 employees at a single location, Kopy Goldfields reported an annual revenue of $115.78 million in FY 2022. This financial performance underscores the company’s efficient management and strategic focus on its core mining operations3.
Kopy Goldfields’ projects include the Krasny project, the Kopy Cluster, and the Northern Territories. It has five wholly-owned subsidiaries: LLC Kopylovsky, LLC Krasny, LLC Resurs, LLC Kopylovskoye Management, and Kopy Development AB45.
In summary, Kopy Goldfields is a key player in the gold mining industry, with a strategic focus on exploration and development in Russia. Through its merger with Amur Zoloto and ongoing investment in mining projects, the company is poised to continue its growth in the gold and silver mining sector.