Until 2024 thanks to prospecting works Seligdar intends to increase its ore gold reserves by 100 tons. This year the increase is expected to reach 26 tons. As of January 1, the company balance reserves amounted to 115 tons of gold, up from 106 tons as of January 1, 2018. Seligdar comprises 13 enterprises in…
In January-March, Seligdar revenue dropped by 12.3% YoY, to 18.83 million rubles, with gold sales revenue down by 61.7%, to 2.313 million rubles. Sales losses totaled 72.106 million rubles. This year the company fell to the gross loss of 3.62 million rubles from the gross profit of 4.25 million rubles in Q1 2018. The net…
In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more. Thus, sales will total 1255 kg, up from 406 kg in January-April 2018. In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
In January-March, Seligdar produced 598 kg of gold, up by 146% YoY. Ore mining totaled 1487 thousand tons, up by 12%. In March, 189.2 kg of gold were produced. Tin concentrate output reached 450 tons. In Q1 2018 no tin was produced. Gold sales revenue grew 3-fold, to 2 billion rubles, and tin – 20-fold,…
Seligdar has made a decision to construct a gold-extracting factory at the Khvoynoye deposit in the Republic of Sakha (Yakutia). The factory using the technique of direct cyanidation will increase gold extraction by 20% compared with heap leaching. While heap leaching allows extracting 75% of gold, cyanidation will increase this level to 90%. The technique…
This year Seligdar has extracted 6 tons of gold, up by 30% YoY. “The considerable growth of the gold-extracting division was the result of the holding investments in the development of capacities”, Seligdar president Konstantin Beirit declared. The long-term strategy adopted in 2018 presupposes reaching the annual output of 10 tons of gold in 7…
Since the start of the year Seligdar has produced 5512 kg of gold, up by 27.7%, or by 11194 kg YoY. In July for the first time the company produced over 1000 kg of gold in one month. The increase in output is the result of investments in increasing manufacturing capacities. In July 2017 Seligdar…
In January-September gold output at Seligdar grew by 23% YoY, to 4188 kg. Alluvial gold, extracted at Sininda-1, accounted for 76 kg. Nizhneyakokitsky Plant mined 1910 kg of gold, up by 6% YoY. Rock excavation increased by 14%, to 15 million cubic meters. Ore mining grew by 82%, to 9 million tons. By the end…