04.06.2024
Polymetallic Holding Seligdar (Hereafter Seligdar; MOEX: SELG) held its annual Investor Day on the Moscow Exchange. The Company was represented by the Seligdar PJSC’s President Konstantin Beirit, Chairman of the Board of Directors Aleksandr Khrushch and Head of the Strategic analysis and investments department Dmitry Parfenov. The event gathered over 100 members of investment community.
The top management of the Company discussed with the analysts and investors operating and financial results, mid-term and long-term development plans, as well as the projects being realised. It was noted that the Company revenue amounted to 56 billion Russian roubles and the Net debt/ bank adjusted EBITDA ratio (leverage indicator) decreased to 2.2x.
In 2023, the Company developed a new unique financial instrument for global commodity market - gold bonds. Seligdar announced third issue of GOLD03 series bonds. The GOLD01 and GOLD02 bonds quotes dynamics demonstrates investor demand and high investor confidence: Seligdar attracted over 15 thousand new investors who purchased more than 3,380 kg of gold.
The Company plans to occupy 10% of Russian gold production market until 2030. The top management of the Company set the targets for metals production: to increase gold production to 20 tonnes through Khvoyny and Kyuchus projects and tin production to 14-16 thousand tonnes through Pyrkakay Stockworks project at Chukotka and Amurskiy metallurgicheskiy kombinat. Seligdar continues cooperation with RosGeo to discover new deposits and expand mineral reserve base.
At the stage until 2030, it is planned to introduce plant technologies that would account for 70% of the processing, expand mineral reserve base for operating assets and launch new projects in order to create new production complexes.
For the presentation, please, follow the link.