In 2017 Seligdar plans to mine 5.1 tons of gold, up by 16-19% YoY.
This year the company has reached record results, even though not achieving planned volumes.
“We planned output increase of 35%. We couldn’t reach it, but we still hit 30% increase. The failure was caused by the non-operation of the gold-extracting factory. When we put it into operation we will get 300 kg of gold more. This year we expect to get 4300-4400 kg, though we planned 4700 kg with the factory”, the company CEO Sergey Tatarinov said.
The putting of the factory into operation at the Ryabinovoye deposits with the capacity of 1 million tons of ore per year has been postponed till Q2 2017.
“When it is put into operation our gold output will increase by 20%”, Tatarinov said. (Ukrainian metal)