Russia: Seligdar losses up in H1 2018

In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…

Russia: Seligdar gold output up in H1 2018

In January-June Seligdar increased rock transportation by 15% YoY, to 10 million cubic meters.

Rock mining grew by 56%, to 5.8 million tons.

Gold output increased by 39%, to 1327 kg.

Nizhneyakokitsky Works demonstrated the best results having obtained 600.1 kg of gold.

This year Seligdar intends to mine 6 tons of gold. (Ukrainian metal)

Russia: Seligdar to increase gold output

By 2024 Seligdar intends to have increased gold output to 10 tons. According to the company development strategy, the first stage of 2018-2021 will see gold output increase to 8 tons. The second stage of 2022-2024 presupposes the commissioning of the Khvoyniy site in Yakutia with the capacity of over 2 tons of gold a…

Russia: Seligdar losses down in H1 2017

In January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…

Russia: Seligdar profits in 2016

In 2016 Seligdar received 3.696 billion rubles of net profits as opposed to the net loss of 1.362 billion rubles in 2015. According to the company statement, its profits before taxation reached 4.632 billion rubles (1.672 billion of losses in 2015), and EBITDA – 5.046 billion rubles, up 1.4-fold. Seligdar increased earnings by 39.1% YoY,…