Gold production by Seligdar Holding in Q1 2024 amounted to 845 kg, up 9% from 777 kg a year earlier. Gold sales volume increased by 32% to 1,107 tons. Tin production fell 5% to 617 tons. Copper production almost doubled to 566 tons. Revenue from gold sales increased by 77% to ₽6.7 billion. Average annual realized gold price increased by 33%.

Seligdar Holding will increase investment in the Kyuchus development project by at least 20% to ₽50 bln by 2030, said Magomed Gekhaev, advisor to the company's CEO. Increase in costs is due to the low transportation accessibility of the field.

Project for the development of the Kyuchus gold deposit in the north of Yakutia will pay off only if tax incentives applicable in the territories of advanced development are introduced, according to Rusolovo's presentation at the Mining and Industrial Forum in Moscow. In the presence of preferences, the project will begin to bring profit in 16 years after th...

Seligdar's IFRS loss for 2023 amounted to ₽11.515 billion, compared to a profit of ₽4.143 billion in the previous year. Revenue increased 61.2% to ₽55.974 billion against ₽34.722 billion a year earlier.