Based on materials from MFD-InforCenre.

On July 13 OJSC Buryatzoloto will sell its federal shares at an auction organised by Siberian interregional department of Russian Federal Property fund. The federal shares in the company’s authorised capital stock amount to 1.7%.

The starting price of the shares is 20.966 thou roubles.

OJSC Buryatzoloto is one of Russian largest gold mining companies, 54.1% of it belongs to Canadian High River Gold Mines Ltd. The principal asset of Buryatzoloto is Berezitovoe deposit, with its resources being 43 tons of gold and 225 tons of silver, where industrial gold mining will start in 2005. The project is estimated at $50 mln.