VISION AND STRATEGY
Our vision is to become a world-class gold exploration company with focus on Lena Goldfields, Russia.
VISION AND STRATEGY
Kopy Goldfield’s vision is to become a world-class gold exploration company with focus on Russia. Our strategy to achieve this is to:
- Identify and acquire high potential gold projects, located within the established area of alluvial and bedrock gold mining in Russia
- Develop the projects into mining operations in cooperation, or under joint venture agreements, with major international or Russian national producers to maximize shareholders’ returns
- Maintain a pipeline of bedrock exploration projects at different stages
- Attract and retain strong international and Russian geological expertise
- Combine Russian geologic knowledge and science with international management, “best industry practices” and modern and efficient technology in order to identify and explore mineral deposits in a cost-efficient way
- Establish a small but efficient organization with the right competencies in exploration and mining
- Build-up professional and friendly relations with regional authorities and communities in order to support the company’s growth and development
- Develop exploration and mining activities in a safe and environmentally friendly way in compliance with Russian and international industry standards
PROOF OF CONCEPT
- In 2018, Kopy Goldfields sold the Kopylovskoye gold project, consisting of four licenses. The project was acquired in 2007 and an exploration program was developed at the site during 2008-2011. The exploration reported 7.4 tons of C1+C2 bedrock gold reserves when the project was sold to Russian investors. The total sales price equalled MUSD 6.
- In 2014, the two licenses Kavkaz and Prodolny were sold for MRUB 50 in cash, corresponding to approximately MSEK 10.
- In 2014, after three years of exploration, Kopy Goldfields sold 51 per cent of the Krasny license to the Russian gold producer GV Gold. GV Gold paid MUSD 3 in cash to Kopy Goldfields and invested MUSD 6 for further exploration.
Kopy Goldfields business concept is to create value by identifying and acquiring high potential gold projects, located within the established area of alluvial and bedrock gold mining in russia, prospect and explore them until they reach the stage of being ready to be sold for cash or further developed in cooperation with a partner.