Seligdar

Main article: Gold mining

For 2023, PJSC Seligdar is one of the leading Russian gold mining companies with more than 47 years of experience in the industry.

Aktivs

The assets of the Seligdar holding for 2023 are located in six regions of the Russian Federation:

• Republic of Sakha (Yakutia),
• Orenburg region,
• Altai Territory,
• Republic of Buryatia,
• Khabarovsk Territory,
• Chukotka.

The main metals mined are gold and tin. Gold reserves - 272 tons, tin reserves - 405 thousand tons.

Performance indicators

2024: Purchase of gold ore deposit in Yakutia

Seligdar bought 75% of Beta Mineral, which develops a gold mine in Yakutia. This deal became known at the end of October 2024. Read more here.

2023

Revenue growth 1.6 times to 55.98 billion rubles

Polymetallic holding "Seligdar" at the end of 2023 recorded revenue in the amount of 55.98 billion rubles, which is 1.6 times more than a year earlier (34.72 billion rubles). The group received a net loss of 11.52 billion rubles, while in 2022 there was a net profit of 4.14 billion rubles. This was reported in the statements that the company disclosed in mid-April 2024.

According to Interfax, citing materials from Seligdar, the group's consolidated revenue in 2023 increased following a 1.6-fold increase in sales of gold sales - to 41.7 billion rubles. Gold sales increased by 4%, to 7559 tons, and the average price increased by 50%, to 5514 rubles per gram.

𝓲

Unsplash

As for the losses, they, according to the statement of Seligdar, were largely the result of a non-monetary revaluation of obligations denominated in gold and dollars, in the context of an increase in the market price for the precious metal and the exchange rate, explains Seligdar. The holding's profit net of exchange rate differences in 2023 amounted to 2.8 billion rubles.

The financial debt of PJSC Seligdar (the amount of loans and loans and obligations under financial leases) as of the end of 2023 amounted to 59.06 billion rubles, net debt (net of cash and the cost of unrealized refined gold) - 46.39 billion rubles.

It also follows from the group's reports that the company sold concentrates in 2023 on the territory of the Russian Federation and for export. Export revenue amounted to 45% in 2023 against 43% in 2022.

Revenue from the sale of tin, copper and tungsten concentrates in 2023 amounted to 6.28 billion rubles, which is 5% more than in the previous year. Revenue from other sales, which is mainly ore mining services and other services provided by Lunnoye JSC and silver sales, decreased by 11% to RUB 1.82 billion.^[1]

Growth in revenues from gold sales by 82% to 50.8 billion rubles

In 2023, Seligdar sold gold by 50.8 billion rubles, which is 82% higher than the result of a year ago. The holding, which is in the top 5 in gold mining in Russia, announced this on its website on January 19, 2024.

It also follows from the materials of Seligdar that about 88% of the revenue of the gold mining division in 2023 fell on the sale of its own gold. The volume of gold sales produced by the holding companies increased by 6% - from 7 thousand 587 kg to 8 thousand 060 kg. The company also sold 1 thousand 322 kg of gold "third parties." Gold sales amounted to 9 thousand 382 kg, or 24% more than in 2022.

Seligdar sold gold for 50.8 billion rubles

The production of ligature gold by Seligdara companies in 2023 increased by 10% compared to 2022 and amounted to 8274 kg. Tin production in concentrate increased by 4% year-on-year to 3003 tons, tungsten - by 26% to 103 tons, copper - by 29% to 1187 tons. For all metals produced in 2023, Seligdar updated its historical maximum indicators, the holding said.

Revenue from the sale of tin, tungsten and copper concentrates in 2023 increased by 5% compared to the previous year and reached 6.3 billion rubles. The total revenue of companies from sales of gold, tin, tungsten and copper concentrates in 2023 increased by 69% to 57.1 billion rubles.

By the end of 2023, Seligdar includes 13 enterprises in, Yakutia,, and Altai Territory Buryatia. Orenburg region Khabarovsk Territory It has licenses for the development and study of 28 placer and gold ore deposits. The holding also includes the Rusolovo enterprise, which develops tin ore deposits in the Khabarovsk Territory, and is also engaged in geological exploration at the Pyrkakai stockworks field in. Chukotka Autonomous Okrug^[2]

2022: Gold mining - 7.55 tonnes

In 2022, gold production amounted to more than 7.55 tons, tin in concentrate - 2.9 thousand tons.