Baisarov confirmed his intent to look beyond gold, identifying a strategic shift toward what he terms the metals of the future. The portfolio expansion will prioritize silver, copper, lithium, platinum group metals, and various rare earth elements. This acquisition serves as the inaugural project in a broader pipeline, with the company actively scouting for new mining opportunities and potential industrial partnerships.
The auction concluded on Friday, securing a 67.2% stake in Uzhuralzoloto for the equivalent of $1.26 billion. Baisarov emphasized that his firm remains focused on identifying promising assets to integrate into its evolving mining division. By targeting high-demand industrial commodities, the group aims to diversify its footprint in the sector, moving past its current holdings to capture a larger share of the resource market.
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