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After 1896, the partnership was reorganized as a joint-stock company with nominal capital of 4.5 million gold rubles. A year later, additional shares amounting to 1.5 million gold rubles were issued; but the gold mines required still more millions, prompting Gintsburg to pursue a larger credit facility on the Russian …

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More than 66% of Russian gold production comes from just six eastern regions (Amur, Irkutsk, Khabarovsk, Krasnoyarsk, Magadan, and Sakha-Yakutia). During the past 4 years, foreign companies have controlled 15% to 18% of Russian gold production, which was the largest share held for any commodity in the Russian mining industry.

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They are literally a gold mine of placer deposits. There is also an enormous amount of gold-bearing mountainous dry placer ground which has remained relatively untouched by large-scale gold mining activity because of the scarcity of water required in those locations to support wet recovery methods.

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