Media

Polymetallic Holding Group Seligdar (MOEX: SELG; hereinafter referred to as the “Holding Group” or “Seligdar”), which is celebrating its 50th anniversary in 2025, held a ceremonial presentation and symbolic launch of the new Khvoynoye gold recovery plant.

The ceremony was attended by the Head of the Republic of Sakha (Yakutia) Aisen Nikolaev, the founder of PJSC Seligdar Konstantin Beyrit, the President of PJSC Seligdar Alexander Khrushch and the CEO of PJSC Seligdar Sergey Tatarinov.

The design capacity of the plant is 3 million tons of ore. Khvoynoye will become the most productive and fourth gold recovery plant of Seligdar, as well as the largest such enterprise in Yakutia.
Thanks to the launch of the new production, Seligdar will increase its annual gold production by 2.5 tons in the future, and will also increase the share of gold processing via factory technologies to 50 percent, which will improve the financial performance of the Holding in terms of working capital.

To build the factory, the builders had to prepare 18 thousand cubic meters of concrete, carry out more than 100 thousand cubic meters of excavation work, install more than 4.6 thousand tons of metal structures, sheathe 36 thousand square meters of sandwich panels, bring about 5.3 thousand tons of process equipment to the site, and build 56 km of process pipelines.

Head of the Republic of Sakha (Yakutia) Aisen Nikolaev:

"The Khvoynoye project will allow Yakutia to additionally receive about 2.5 tons of gold per year. This is a high-tech new factory. I am confident that its commissioning in the near future will accelerate the development of not only Seligdar, but also the gold mining industry of Yakutia as a whole. Seligdar makes a significant contribution to the socio-economic development of the Aldan region and the entire Republic of Sakha (Yakutia). We highly value the company as a responsible employer, taxpayer and subsoil user."

Sergey Tatarinov, CEO of PJSC Seligdar:

"Khvoynoye is one of the key development projects of the Holding. The project was implemented in record time. The opening of the plant in the year of our fiftieth anniversary is very symbolic. This is further confirmation that we are strictly following our long-term development strategy, which involves not only the modernization of existing production facilities, but also the implementation of completely new projects. All this allows us to gradually increase the efficiency of production processes and the level of gold processing."

The Khvoynoye gold deposit is located in the southwest of the Nizhneyakokitsky ore field in the Aldan region of the Republic of Sakha (Yakutia). The balance reserves of gold at the deposit (C1+C2) amount to 16.8 tons.