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Russia's Seligdar reports record gold production in 2022

Vladimir Basov

Kitco News

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(Kitco News) - Russian gold and tin miner Seligdar (MOEX: SELG) today announced production results for the full-year 2022.

The company's gold production in 2022 amounted to a record 243 koz, which is an increase of 6% compared to 2021 (229 koz), whereas production of tin in concentrate was in line with 2021 and amounted to 2,900 tonnes.

In addition, the company produced 81 tonnes of tungsten (up 72% compared to 2021) and 916 tonnes of copper (up 150% compared to 2021).

Seligdar said that the new level of production achieved in 2022 was the result of modernization and expansion of the company's production asses.

 In 2022, the company launched a skarn ore processing plant at the Poisk production complex in the Altai Territory and modernized ore mining and processing facilities at the Sininda production complex in Buryatia.

Seligdar is one of the largest gold mining companies in Russia and a producer of tin, tungsten and copper.

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For Kitco News

Contact vbasov@kitco.com
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