“The deal with Seligdar is a new stage in implementation of our long-term strategy that envisages establishment of partnerships with the mining companies in the field of geological exploration, - commented Sergey Gorkov, Director General - Chairman of the Board of RosGeo. - I am quite positive that the competence of our geologists will assist our partners to increase the resource base of precious metals in the south of Yakutia, and to ensure stable and efficient operation of its mining enterprises for the economic benefit of the Republic and overall country."

“Beginning of a strategic partnership with RosGeo is the most important stage in reproduction and development of Seligdar resource base, it will contribute to the further growth of the company, - said Konstantin Beirit, President of Seligdar. - We have established the first joint venture, we are involving RosGeo to field activities in two other projects and consider new projects for development of the cooperation.

According to the contract Seligdar receives a share of 65% in RosGeo subsidiary that holds the license for Chulkovo field. In addition, Seligdar gets a call-option to purchase shares of RosGeo (25%) and NDIA (10%) in the joint venture after receipt of positive conclusion of the state expert assessment of the feasibility study for permanent exploration conditions of mineral reserves in categories C1 and C2.

Seligdar will carry out the operational management of the joint venture, it also will fund the performance of geological surveys at Chulkovo field to the extent necessary for assessment of the reserves. RosGeo will conduct the complete set of the geological exploration in the licensed area, and after entry of the reserves to the balance sheet will provide the geological support to the field development.

Earlier RosGeo had conducted the geological surveys at Chulkovo field, which resulted in identification of a significant potential in terms of detection of industrial-scale deposits with high content of gold and silver.

In the framework of other areas of cooperation RosGeo will perform activities at the sites of Seligdar under individual contracts, including conduct of geological surveys at the deposit field Kiriestekh in Aldan district of the Republic of Sakha (Yakutia) and reserves assessment at the underground field Semenovo area in Krasnoschokovo district of Altai Territory.


Seligdar is a polymetallic holding enlisted within the top ten of the largest gold producers in Russia, and it is the only tin ore producer in the country. The Holding performs the gold mining in the Republic of Sakha (Yakutia), Altai and Buryatia, and tin mining in Khabarovsk territory. In 2020, the companies incorporated within Seligdar produced 7 tons of gold and 2,5 thousand tons of tin in concentrate. The company sustainable development strategy for the period to 2024 envisages the growth of production to 10 tons of gold and 6 thousand tons of tin per year.

Rosgeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields. RosGeo is a fully state-owned company.