Authors:

I.V. Filimonova1, N.V. Yurkevich2, A.A. Dolganov1,3

1 Trofimuk Institute of Petroleum Geology and Geophysics, Siberian Branch of the Russian Academy of Sciences, Novosibirsk, Russia; 2 Patrice Lumumba Peoples’ Friendship University of Russia (RUDN University), Moscow, Russia; 3 Novosibirsk State University, Novosibirsk, Russia

Abstract:

The depletion of the traditional mineral resource base and growing environmental requirements make it necessary to expand resources by processing mining-industry waste, which is both an environmental problem and a potential strategic resource. The article develops and substantiates strategies for commercializing innovative solutions for gold extraction from manmade deposits considering the specificity of the gold mining industry and technological constraints of the Russian market. Methodologically, the study rests on the scenario approach to strategic management recommended for capital-intensive industries with high uncertainty, such as gold mining. The research methods include systems and comparative analysis, sensitivity analysis, and the matrix method. The empirical evidence is comprised of regulatory legal acts of the Russian Federation, as well as data on the man-made gold market and the set of technologies of the Institute of Petroleum Geology and Geophysics (IPGG SB RAS). The paper proposes an algorithm for formulating and selecting strategic commercialization alternatives that includes a sequential analysis of gold-extraction technology, market, legal protection, economic efficiency, and risks. Using the scenario approach, four commercialization strategies were formed: operating within the Institute, forming a separate legal entity, merging with a larger gold-mining enterprise, and alienating the exclusive right. The results show that, based on the assessment of financial indicators and risks, the most preferable strategy in the long term is to spin off a separate legal entity, which provides maximum flexibility in technology development, scaling-up opportunities, and the company’s consolidation in the emerging market for gold extraction from man-made deposits.

Keywords: strategic alternatives; commercialization; innovative technologies; man-made gold deposits; economic assessment.

For citation: Filimonova I.V., Yurkevich N.V., Dolganov A.A. (2026). Strategic alternatives for commercializing gold extraction technology from man-made deposits. Upravlenets / The Manager, vol. 17, no. 3, pp. 54–69. DOI: 10.29141/2218-5003-2026-17-3-4. EDN: OBKLGZ.

Article info: received January 23, 2026; received in revised form March 16, 2026; accepted May 20, 2026