The Ukrainian Metal

Russia: Seligdar to invest 400 million rubles in Yakutia gold

Seligdar will construct a mining enterprise on the basis of Samolazovskoye gold deposits in Yakutia.

The estimated volume of investments will be 400 million rubles. The project will create some 100 jobs.

The deposits are situated in the Aldansky district.

C1 and C2 reserves of the primary ore for open-pit mining amount to 7282 kg.

In 2017 Seligdar intends to mine 5.12 tons of gold, up by 18.5% YoY.

By 2020 the output will have increased to 8.5 tons. In 2016 Seligdar produced 4.3 tons of gold, up by 24.5% YoY. (Ukrainian metal)

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