Media

PJSC Seligdar announces operating results for FY2021 based on management data. Gold production by the companies of the Seligdar Holding exceeded 7.2 tons. Production of tin in concentrate totalled 2.9 thousand tons. The total revenue from sales of metals amounted to 35 billion rubles that made a 2% increase year-on-year.

“Having increased gold and tin production in 2021, Seligdar showed one more time a sustained growth. Systematic approach to production efficiency increase and the Seligdar Holding’s structure development fulfilled an important role. In 2022, we will revise the Sustainable development strategy of PJSC Seligdar in order to significantly increase target values for gold and tin production,” said Konstantin Beirit, President of PJSC Seligdar.

Gold division

• The 2021 run-of-mine material comprised 29.6 million cubic meters and increased by 2% against 2020.
• Ore mining amounted to 17.5 million tons for 2021 and it is a 56% growth compared to the previous year. Outstripping growth is attributable to the increase in reserves of lower grade in a number of deposits.
• Sand mining kept the same level compared to 2020 and comprised 1 million cubic meters.
• Gold production by the companies of the Seligdar Holding reached 7,217 kg in 2021 and grew by 3% against 2020.
• The gold sales of the Holding companies amounted to 7,047 kg and it made a 4% decrease. Excluding gold produced under contract agreements (not recorded in the IFRS consolidated financial statements) the gold sales comprised 6,520 kg in 2021 and it a 3% increase compared to the previous year.

Tin division

• Ore mining comprised 585 thousand tons for 2021 and increased by 17% compared to the previous year.
• Ore procession grew by 8% year-on-year up to 544 thousand tons.
• Production of tin in concentrate totalled 2,908 tons in 2021 and it is a 15% increase against 2020.
• Production of tungsten in concentrate decreased by 35% year-on-year up to 47 tons.
• Production of copper in concentrate comprised 366 tons at the end of the year and it made a 55% increase compared to 2020.

Sales

• The Seligdar Holding’s 2021 revenue from gold sales amounted to 29.8 billion roubles against 31.5 billion roubles in the previous year.
• Revenue from gold sales excluding sales under contract agreements that are not recorded in the IFRS consolidated revenue of PJSC Seligdar, comprised 27.6 billion roubles and it is a 2% increase compared to 2020. The average realised price decreased by 1%.
• The 2021 revenue from tin, tungsten and copper concentrates increased 1.9 times and totaled 5.3 billion roubles driven by production growth and favorable market prices.
• Total revenue from sales of gold; tin, tungsten and copper concentrates realized by the Holding’s companies increased by 2% in 2021 and totalled 35.1 billion rubles.

Gold Division Results

Tin Division Results