Last year, Seligdar prospecting works volumes reached 42.9 thousand meters. This year the company intends to increase the result to 45.5 thousand meters. In order to clarify borders and reserves of ore blocks, the company drilled 64.4 thousand meters of shafts in 2019, and this year plans to increase drilling 1.7-fold, to 109.2 thousand meters.…
Backstar Holdings Limited (Cyprus) has purchased 15.46% of Seligdar shares, having increased its share from 3.75% to 19.21%. All in all the company has bought 186.6 million voting shares. The price of the purchase was not disclosed. Now the Cyprus company owns 190.4 million shares. Backstar Holdings increased its share in Seligdar in November 2019…
Backstar Holdings Limited (Cyprus) has decreased its share in Seligdar from 8.45% to 3.75%. The company has sold 46.7 million (4.7%) of voting shares. The amount of the deal was not disclosed. As of December 19, the company owned 37.2 million Seligdar shares. Backstar Holdings bought 75.9 million shares in November, having increased its share…
Until the end of the year Seligdar will sell 24.3 kg of refined gold manufactured by Samolazovskoye LLC. The corresponding contract was concluded on December 16. Seligdar will receive a remuneration in the amount of 1% from the sales, without VAT. The expected volume of the deal exceeds 50% of Samolazovskoye LLC assets value (95…
Seligdar has exceeded its annual gold output target in advance. As of November 22 the group enterprises have extracted 6.064 tons of gold. The Poisk miners team has exceeded its annual target by 180 tons, Ryabinoviy Mining Works – by 750 kg and Mezhsopochniy site – by 336 kg. Last year Seligdar extracted 6.056 kg…
In January-September Seligdar excavated 20.2 million cubic meters of rock, up by 33% YoY. Ore output totaled 9422 thousand tons, up by 2%, and sands grew from 100 to 166 thousand cubic meters. Gold manufacture went up by 15%, to 4870 kg. Gold sales grew by 28%, to 5019 kg. Sales revenue totaled 14.8 billion…
Seligdar has reached an agreement with a bank to pay interim dividends for January-September. “First, the issue will be mulled at the board of directors session, and after that approved at the extraordinary meeting of shareholders. The net profit for 9 months will serve as a source for paying dividends. The amount has to cover…
According to its pessimistic scenario, this year Seligdar will extract 6165 kg of gold. But, according to the CEO on manufacture Nikolai Goncharov, the operation rate allows optimistically looking at the output level of 6.4 tons. The company was able to save on expenses. In particular, the usage of diesel fuel in mining has decreased…
