IMPROVEMENT OF THE STRATEGIC MANAGEMENT MODEL OF RUSSIAN GOLD-MINING ENTERPRISES UNDER CONDITIONS OF UNSTABLE ECONOMIC DEVELOPMENT
Problems of sustainability of gold mining enterprises of the Russian Federation in the period of crisis are considered in the article. Factors and tendencies of global economic development that influence business in the sphere of gold mining are analyzed. Problems of strategic and investment activity of Russian gold mining companies are singled out. An imitation model of managing business processes of a gold mining enterprise is proposed, which is considered by the authors as a stochastic nonlinear dynamic system. The model allows to determine the ranges of stability, identify the key aspects of the activity, neglecting which provokes the unstable state of the mining enterprise. Particular attention is paid to the mechanisms of investment, suggesting the formation of an insurance stock, the sources of which are both borrowed funds and the company's own funds. The sphere of using the company’s own funds are investments, as well as dividends of the company's shareholders. The proposed management model and recommendations for improving the investment strategy have been tested at a number of gold mining enterprises in Sakha Yakutia, resulting in a reduction in unplanned costs and increased business resilience.