Gold occurrence Maljavr is the first Archean conglomerate-hosted gold mineralization found in the Fennoscandian Shield. Gold-mineralized metasomatic rocks form a set of lenses within a 10 m thick linear zone, conformable to the bedding of host conglomerates. The lenses are up to 10 m long and up to 1 m thick and they clearly exhibit three alteration envelopes: the rock in the central part consists of garnet and quartz or garnet-only; biotite, garnet, and quartz make the intermediate biotite–garnet envelope; hornblende, hedenbergite, and quartz are the principal rock-forming minerals in the outer zone of the lenses. All metasomatic rocks contain sulfide mineralization up to 15–20 vol.% and up to 0.6 g/t Au. The main ore mineral is pyrrhotite, and the minor minerals are arsenopyrite, chalcopyrite, pentlandite, löllingite, and troilite. The age of zircon from biotite gneiss in the zone of alteration is 2664 ± 18 Ma, this is considered as the time of formation of lenses of metasomatic rocks. Biotite gneiss-conglomerate and metasomatic rocks were later intruded by tourmaline granite pegmatite 2508 ± 7 Ma. The injection of pegmatite caused re-crystallization of sulfides (mainly arsenopyrite and löllingite) and redistribution of gold. Visible gold in association with Bi minerals native bismuth, ehrigite, maldonite, bismuthinite, joseite-B, and hedleyite was found in inclusions in recrystallized arsenopyrite and löllingite. Au content in the rocks with recrystallized arsenopyrite and löllingite is >1 g/t, up to 30 g/t in hand samples. The 2508 Ma pegmatite is interpreted as synchronous with formation of gold mineralization in its present form. The linkage of gold mineralization with pegmatite and geochemical association Au-As-Se-Te-Bi in the mineralized rocks agree with characteristics of intrusion-related gold deposits worldwide. Biotite gneiss–metaconglomerate, hosting the mineralized altered rocks, was the probable primary source of arsenic and gold for mineralization.