Media

The Polymetallic Holding Group Seligdar (hereinafter referred to as the “Holding Group” or “Seligdar”) has surpassed the milestone of 8 tonnes of gold production.

All production complexes are on schedule, with significant overperformance at the main divisions – Ryabinovy, Samolazovskiy and Nizhne-Yakokitskiy. Placer mining is also showing good results, where not only was the plan exceeded by 130 kg, but the cost of gold mined was also reduced.

The heap leaching plants at Ryabinovy and Nizhne-Yakokitskiy reached their annual planned targets as early as the end of October. A significant contribution to total gold production is also made by the new Khvoynoye gold processing plant, which has already produced 1.3 tonnes of gold. Thanks to the coordinated work of the specialists at the Khvoynoye plant, the facility is achieving a stable gold recovery rate of 88%.

Sergey Tatarinov, Chief Executive Officer of Seligdar PJSC:

“The production complexes have consistently exceeded planned targets throughout the year. Our work on modernisation and infrastructure improvement is yielding positive results. I would also like to note the work of the Company’s specialists, who effectively cope with their tasks at all production sites. Our task for the remaining two months is to maintain the established pace of work and prepare for the winter period.”