Seligdar

With the updated Sustainable Development Strategy, Seligdar PJSC is entering a new investment phase. Upon completion of this phase, the Holding Group's business will be transformed into a large mining company operating across several attractive high-value product markets with and creating significant value for all stakeholders.

Our mission is to contribute to the country’s development by providing the economy with resources necessary for growth and progress. We strive to be the most efficient and effective company, generating value for all our stakeholders.

Our strategy of identifying, acquiring, and developing high-quality assets in promising areas remained unchanged throughout the Company's history. Thanks to recent acquisitions and the exploration within operating mines, we have built a portfolio of quality assets that ensure both geographic and product diversification, with strong geological potential for growth in the coming years.

The foundation of our strategy's success is the combination of our team's efforts, access to capital, and stakeholder engagement. Together, these elements will provide the necessary and sufficient support to seize the opportunities, overcome challenges, and drive value creation.

Our objective is to align efforts at all levels of management to create value and improve quality of life by enhancing operational efficiency through use of advanced technologies and approaches in production, resource saving and social responsibility.

To achieve these objectives, it is essential to continue focusing on the most critical aspects of our work:

Health and safety

The health and safety of our employees, working in favourable and comfortable environment, financial well-being, professional and personal growth, and confidence in a stable future.

Operational efficiency

Cost control, leadership in production process profitability, efficient production technologies, project planning and design, and enhancing production complexes potential through the implementation of modern practices across the entire production chain.

Organic growth

Optimisation of the existing project portfolio, operating in low-competition yet efficient niches, supporting business value growth and stakeholder value creation, with a constant focus on increasing return on invested capital.

Environmental, social and governance ESG aspects

Achieving long-term competitive advantage through advanced sustainable development practices to drive business growth, supporting social transformation in regions of operation, and creating shared value for all stakeholders.

Ethical aspects

Ethical conduct and respect towards all our counterparts and partners, as well as towards the customs, culture, and laws of the social and national groups in all territories where we operate or have commercial interests.

Team

Building competitive advantages by attracting individuals with industry-leading qualifications, ensuring management competence and efficiency, and fostering internal growth through adaptation and professional development programmes, among other initiatives.

Strategy

The strategic goal of Seligdar PJSC is to establish an efficient polymetallic company with a market share of over 5% in Russian gold production and global tin production, leading in cost efficiency and technology within its segments, and producing 20 tonnes of gold and 16 thousand tonnes of tin in concentrate.

Strategy parameters

RESERVE BASE

Maintaining mineral reserve base for at least 15 years of operations;
Annual replacement of depleted reserves;
JORC-compliant audit of deposits with reserves exceeding 10 tonnes of gold and 30 thousand tonnes of tin.

PRODUCTION

Annual gold production: 20 tonnes;
Annual metal tin production: 16,000 tonnes;
Total Cash Costs (TTC) for gold production: up to $450 per ounce;
Total Cash Costs (TTC) for tin production: up to $10,000 per tonne.

EFFICIENCY

Implementation of modern design solutions;
Selection of best-in-class equipment and technologies;
Focus on reducing specific resource consumption in production;
Enhancing operational efficiency;
Increasing productivity in ore mining, gold and tin production.

FINANCIALS

Debt/EBITDA ratio below 2;
Use of project financing;
Double-digit ROE (ensuring alignment between investment plans and returns);
Leveraging cash flows generated by the business to drive transformation and deliver shareholder returns.

INNOVATIONS

Digital planning of mining and drilling operations (digital models of production sites and processes);
Enhancing the depth of processing and recovery, ensuring full and integrated mining of reserves and mineral resources, including secondary sources;
Business digitalisation, transparency and accountability across all business processes.

ENVIRONMENTAL AND SOCIAL RESPONSIBILITY

Adherence to advanced sustainable production standards;
Decarbonisation and reduction of air emissions;
High safety standards in production, minimising workplace injuries;
Employee development programmes;
Community support initiatives.

Sustainable Development Strategy 2024 (in Russian)
PDF, 16MB

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