Seligdar Holding transferred 10% of Rusolovo shares in payment for units of the Perspektivnoe Razvitie Closed Unit Investment Fund. All units of this fund are owned by Seligdar itself. Transferring the shares to the fund will expand opportunities for raising funds to finance Rusolovo's investment program, the holding explains.

Rusolovo's RAS loss for 9 months of 2023 amounted to ₽119.23 million, down 3.4 times from ₽400.96 million in the previous year. Revenue rose 3.5% to ₽4.989 billion against ₽4.818 billion a year earlier.

Rusolovo received the first ton of copper concentrate at the Pravourmysky complex in Khabarovsk region. Company specialists continue to develop a combination of flotation reagents that will enable the production of high-quality concentrate with copper content of 30-35% and 700 g/t silver.

Rusolovo won an auction for the right to use a subsoil area of alluvial gold and tin sands of the Mleluveem River in the Chaunsky District of the Chukotka Autonomous District. Balance reserves of the site amount to 893 kg of placer gold of C1 category and 58 tons of tin. Inferred resources of tin by category P1 at the site amount to 677 tons. Cost of the lic...