Mojdi, the CEO of Kurdistan Gold Mines Development Company, in this meeting, explained the technical and financial performance of the company in the three main areas: factory, exploration, and extraction of the mine.
He mentioned that, according to the plans announced at the end of last year, in the first quarter of this year, thanks to the efforts of all the company managers and a collaborative effort, a relatively successful record has been achieved in executing the defined projects for the Kurdistan Gold Mines Development Company. He added: "In the field of mining exploration, in line with synergy with group companies of the holding, two cooperation agreements were signed with Sadr Tamin Exploration and Drilling Company, with an allocation of 30 billion rials to carry out 10,000 meters of drilling at the Qulquleh Gold Mine in Saqqez. The execution of this operation began at the end of June. In the extraction sector, the first phase of selecting a qualified contractor was carried out through a two-stage public tender process, and we hope that in the next two months, the selection and establishment of the contractor for this sector will also be finalized."

He stated that, according to the plans announced at the end of last year, in the first quarter of this year, thanks to the efforts of all company managers and in a collaborative manner, a relatively successful record has been achieved in the execution of the defined projects for the Kurdistan Gold Mines Development Company. He added: "In the field of mining exploration, in line with synergy with group companies of the holding, two cooperation agreements were signed with Sadr Tamin Exploration and Drilling Company, with an allocation of 30 billion rials for 10,000 meters of drilling in the Qulquleh Gold Mine in Saqqez. The execution of these operations began in late June. In the extraction sector, the first stage of selecting a qualified contractor was conducted through a two-stage public tender process, and we hope to finalize the selection and establishment of the contractor in the next two months."

The CEO of Kurdistan Gold Mines Development Company, while emphasizing that the construction of the Saqqez Gold Extraction Plant is being executed with determination, said: "With the recent efforts of the technical team and the application of strategies within the framework of the contract signed with the EPC contractor for the plant, we will witness significant progress in this area in the coming months."
Mojdi further pointed out the repeated emphasis by the CEO of Sadr Tamin Holding on giving special attention to gold projects, adding: "In line with this strategy, in addition to accelerating the construction of the gold extraction plant, the development of exploration activities in the Qulquleh Gold Mine area, aimed at increasing the proven reserves and ensuring the supply for the plant, is on the company’s agenda. Additionally, serious efforts are underway to incorporate adjacent mineral areas into the company's mining assets."

At the end of the meeting, the managers and attendees expressed their gratitude for the efforts of the Kurdistan Gold Mines Development Company’s management and emphasized their full support for Sadr Tamin Holding's gold projects, with the aim of maximizing shareholder benefits and ensuring the satisfaction of other stakeholders. The Kurdistan Gold Mines Development Company was founded in 2013 with an initial registered capital of 10 billion IRR. It is currently engaged in operations to exploit gold mines located in Saqqez County, Kurdistan Province. The company's mission is to explore, extract, and process metallic and non-metallic ores, with a focus on precious metals, while adhering to environmental laws, fulfilling social responsibilities, and enhancing the rights of stakeholders and shareholders.