AO "SiGMA" ORD
MMOEX:SGMA1,327.50
RUB
+377.60
(+39.75%)
ISIN
RU000A0J4T01
Return %
Stock
S&P 500
1Y
-59.77
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Petropavlovsk-Kamchatsky Russian Federation
- Website
- geosigmagold.com
- Similar Companies
- Business
- AO SiGMA (Joint Stock Company Siberian Mining and Metallurgical Alliance) is a Russian precious metals mining and exploration company engaged in the exploration, extraction, processing, and metallurgical treatment of gold and silver ores. Founded in 2002 and headquartered in Petropavlovsk-Kamchatsky, Kamchatka Krai, Russia, the company serves as the developer and operator of the Ozernovskoye gold ore field situated in the Karaginsky District of the Kamchatka Peninsula. AO SiGMA conducts integrated open-pit mining and mineral processing operations, delivering products and services organized into several core categories: gold-silver dore alloy bars produced via carbon-in-leach, cyanidation, and electrowinning hydrometallurgical circuits; refined gold and silver bullion supplied to accredited refineries and commercial banks; crushed, milled, and beneficiated precious metal ores; flotation and gravimetric mineral concentrates; and comprehensive mineral exploration and engineering services, including geological field mapping, exploratory diamond core drilling, reserve estimation, ore grade control, hydrogeological surveying, and mine infrastructure maintenance. The company delivers its precious metal output primarily to certified domestic refineries, bullion dealers, industrial users, and financial institutions across the Russian Federation. In recent corporate and strategic developments, AO SiGMA was acquired in late 2023 by the Zolotoi Aktiv mining group, controlled by investor Oleg Karchev, through the acquisition of 100% of holding company Tanalex Investments Limited following its corporate redomiciliation from Cyprus to the Special Administrative Region on Russky Island in Vladivostok. Following the ownership transfer and executive management restructuring, the company initiated significant operational upgrades, including the development and commissioning of its Phase 2 gold extraction plant (ZIF-2), designed to expand total ore processing capacity from 140,000 metric tons per year to between 700,000 and 780,000 metric tons per year, with the strategic objective of increasing annual gold production to approximately 3.0 to 3.5 metric tons under its mining license valid through July 2030.