en.Wedoany.com Reported - Seligdar stated at the Moscow Exchange Investor Day that the company's production costs continue to rise due to increased mineral extraction taxes, ruble depreciation, and cost inflation. In 2025, the company's total cash cost (TCC) per ounce of gold increased by 55% to $1,561, while all-in sustaining cost (AISC) rose by 39% to $1,867. During the same period, gold sales revenue in the first half of the year is expected to increase by 13% year-on-year to 32.2 billion rubles.

To address cost pressures, Seligdar plans to achieve gold production of 20 tons by 2030 through the launch of the Khovynoye and Kychus projects. Company executive Parfenov stated during the Q&A session at the Investor Day that the Khovynoye project will increase current annual production by 2.5 to 3 tons upon commissioning, bringing total output to nearly 10 tons. The next step is to launch the Kychus project, expected to commence production between 2030 and 2031, adding 10 tons of gold production annually starting the following year.

Seligdar (ПАО «Селигдар») is a leading gold mining company in Russia with over 50 years of industry experience, primarily mining gold and tin. The company has gold reserves of 295 tons and tin reserves of 403,000 tons. The holding group's assets are distributed across seven regions of Russia, including the Sakha (Yakutia) Republic, Orenburg Oblast, Altai Krai, Buryatia Republic, Khabarovsk Krai, Irkutsk Oblast, and Chukotka Autonomous Okrug.