The Bugdaya Au bearing W-Mo porphyry deposit, Eastern Transbaikal Region, Russia, is located in the central part of volcanic dome and hosted in the large Variscan granitic pluton. In its character istics, this is a Climax type deposit, or an Mo porphyry deposit of rhyolitic subclass. The enrichment in gold is related to the relatively widespread vein and veinlet gold-base metal mineralization. More than 70 miner als (native metals, sulfides, sulfosalts, tellurides, oxides, molybdates, wolframates, carbonates, and sulfates) have been identified in stockwork and vein ores, including dzhalindite, greenockite, Mo bearing stolzite, Ag and Au amalgams, stromeyerite, cervelleite, and berryite identified here for the first time. Four stages of min eral formation are recognized. The earliest preore stage in form of potassic alteration and intense silicification developed after emplacement of subvolcanic rhyolite (granite) porphyry stock. The stockwork and vein WMo mineralization of the quartz-molybdenite stage was the next. Sericite alteration, pyritization, and the subsequent quartz-sulfide veins and veinlets with native gold, base metal sulfides, and various Ag-Cu-PbBi-Sb sulfosalts of the gold-base metal stage were formed after the rearrangement of regional pattern of tec tonic deformation. The hydrothermal process was completed by argillic (kaolinite-smectite) assemblage of the postore stage. The fluid inclusion study (microthermometry and Raman spectroscopy) allowed us to establish that the stockwork W-Mo mineralization was formed at 550-380°C from both the highly concen trated Mg-Na chloride solution (brine) and the low density gas with significant N 2 and H 2 S contents. The Pb-Zn vein ore of the gold-base metal stage enriched in Au, Ag, Bi, and other rare metals was deposited at 360-140°C from a homogeneous Na-K chloride (hydrocarbonate, sulfate) hydrothermal solution of medium salinity.