Media

July 27, 2021, Moscow:  One of the leading Russian gold producers PJSC Seligdar (Seligdar, Holding or Company; MOEX: SELG, SELGP) held an annual Investor Day on Moscow Exchange. The event was organized for the sixth time, the second time in the format of a webinar, and gathered more than fifty participants.

The speakers of the event were Konstantin Beirit, President of Seligdar and Member of the Board of Directors, Sergey Ryzhov, Chairman of the Board of Directors, and Dmitry Parfyenov, Head of the Strategic Analysis and Investment Department. The webinar was moderated by Boris Kvasov, Managing Director and Head of the Equity Capital Markets Department of VTB Capital.

The Company's management presented to the investment community operating and financial results for 2020 and the 1st half of 2021; information on implementation of the Sustainable Development Strategy; and plans for the development of gold and tin divisions in the near future.

Key achievements:

Seligdar increased gold production by 7% and tin by 19% in the first half of 2021 compared to the same period of 2020.

The Company intensively works to deploy new technologies in the gold division: the first ore thermal treatment facility for the gold extraction from refractory ores was put in operations; modernization of mining machinery fleet made possible significant increase in labor productivity and reduction in fuel consumption and greenhouse gas emissions.

Seligdar successfully performs preparatory works for construction of a gold processing plant at the Khvoynoye deposit.

The Company plans significant changes in the tin division. Seligdar became the fifth company in the world in terms of tin reserves after acquisition of the license for the Pyrkakay stockworks deposit in 2020. Currently, an intensive work on strategy of the deposit development is underway.

Seligdar continues to work on the expansion of its reserve base and boosts the program of geological exploration. Within the framework of the Strategic Cooperation Agreement with RosGeo, four deposits are being explored, and a new project is planned for launch.

At the event, special attention was paid to the Company's policy in the field of labor protection, social and environmental issues. In 2020, Seligdar produced a series of films on Demidov dynasty, first Russian gold miners, as a part of measures to preserve the cultural and historical heritage.

The company implements measures to prevent the spread of the COVID-19 infection.

In 2020, Seligdar’s ordinary shares took the first place in the RBC Quote Rating in terms of growth among shares of Russian companies: an increase amounted to 304%. In June, 2021, the number of shareholders of the Company approached twenty thousand.

Seligdar plans to convert all preferred shares into ordinary shares and to keep only ordinary shares.

The presentation can be found on Presentations page.

About Seligdar

Public Joint Stock Company Seligdar (Seligdar, Holding or Company) is a holding company engaged mainly in gold and tin mining and processing business. Seligdar  has mines and processing facilities in the Republic of Sakha (Yakutia), in the Republic of Buryatia, Altai, Orenburg and Khabarovsk Regions and Chukotka. Seligdar has come a long way, which began in 1975 with the foundation of the Seligdar Prospectors ' Association. Today, the Company ranks 11th among the largest Russian gold producers. In 2020, Seligdar expanded its territory of presence by obtaining a license for the Pyrkakay Stockworks deposit in Chukotka and became one of the top five global companies with largest tin reserves.

Seligdar’s gold production exceeded 7 tons in 2020, production of tin in concentrate amounted to 2,539 tons. The Sustainable Development Strategy for 2018 - 2024 assumes an increase in gold production up to 10 tons and in production of tin in concentrate up to 6 thousand tons.