Media

Seligdar PJSC (MOEX: SELG) held its traditional Investor Day on Moscow Exchange on July 13, 2023. The Company was represented by the Seligdar PJSC’s President Konstantin Beirit, Chairman of the Board of Directors Aleksandr Khrushch and Head of Investor relations department Olga Samarets. Dmitry Taskin, Head of Department for bond issuer relations and national projects support of the Moscow Exchange moderated the meeting. The event gathered over 200 members of investment community.

The 2022 results, short-term and long-term development plans, operating and financial results of the Company were discussed at the meeting.

One of the key issues of the meeting was the implementation of the Seligdar’s Development Strategy. The Company presented information on its key growth projects: there were discussed completed drilling works at the Kyuchus deposit, started construction of the main production complex at the Khvoynoye deposit, achieved performance targets of the X-Ray transmission sorting facility in the tin division. The current Development Strategy sets production targets at 20 tonnes of gold and 14-16 thousand tonnes of tin to 2030. Gold production will exceed 10 tonnes after the launch of the new plant at the Khvoynoye deposit expected in 2025 and launch of the preliminary thermal ore treatment facility II at the Samolazovskoye deposit.

The important direction of the work is expansion of the mineral reserve base. The reserves comprised 272 tonnes of gold and 405 thousand tonnes of tin as at January 1, 2023. A large-scale exploration programme is underway. Investment to the mineral reserve base expansion in Yakutia are planned at 3 billion of Russian roubles in the current year.

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