The performance evaluation meeting for the 9 months ending December 30, 2023 of the Kurdistan Gold Mines Development Company was held.

was attended by Seyed Mohammad Saber Parvaresh, Deputy for Corporate Affairs, Mohammadreza Rezvaniyan Zadeh, Advisor to the CEO and Director of Projects and Plans, Dr. Ali Mahmoudi, Executive Board Member, along with managers and experts from Saderat Investment Company, as well as Mokaddad Majedi, CEO of Kurdistan Gold Mines Development Company, and other company managers at the Saderat Investment Holding meeting room. In the meeting, Majedi, CEO of the company, presented the company's performance over the 9 months in the areas of factory, mining, and energy infrastructure projects.

He added: "In the field of constructing the Saqez Gold Extraction Plant, with the relentless efforts of the project management team, the stage of approval for the basic engineering documents by the foreign technologist has been completed. Moreover, with the changes made to the method of purchasing the main production line equipment in the contract between the company and the contractor (IRITEC), significant progress has been made in the procurement of the factory equipment, and we will certainly see the tangible effects of these changes this month. In the construction area, excavation work for the processing site is nearing completion, and after this stage, construction of non-industrial buildings will begin." Majedi, while outlining the challenges arising from bureaucratic delays in obtaining permits from government agencies in Kurdistan province, announced the receipt of final permits for water, gas, and telecommunications infrastructure. He added, "This month, we will appoint consultants and designers for the water and gas pipeline connections to the factory site, and following that, the contractor for executing these infrastructures will begin the implementation work at the beginning of the coming year."

Regarding the electrical infrastructure, Engineer Majdi also said: "In order to accelerate the implementation of the project and reduce investment costs, dual-fuel electricity generators are used in the area of ​​supplying electricity to the Saqqez Gold Factory."
The CEO of the Kurdistan Gold Mines Development Company said: The project to develop exploration activities in the Qolqola gold mine area was completed this year with more than 5,500 meters of powder drilling and more than 2,700 meters of core drilling, and core drilling will continue in this mining area with more than 3,000 meters of drilling.
Majdi, while appreciating the continuous efforts of the company's mining management, added: "After analyzing the samples related to this amount of excavation, a reanalysis of the data related to the block models will be carried out and steps will be taken to update the probable and definite reserves of the Qalqala gold mine."

He added: In the field of mining, according to the arrangements that have been made in this section, before the end of this year, this area of ​​the company will also be activated in order to sustainably supply the feedstock for the Saqqez gold extraction plant. At the end of this meeting, the managers and attendees of the meeting, while appreciating the efforts of the managers of the Kurdistan Gold Mines Development Company, emphasized the acceleration of the project's implementation operations and the exploitation of the Saqqez gold extraction plant's production line in the coming year.
Kurdistan Gold Mines Development Company was established in 2013 and is currently operating with a registered capital of 10 billion Tomans and with the aim of exploiting gold mines located in Saqqez County, Kurdistan Province. The company's mission is to explore, extract, and process metallic and non-metallic minerals with an emphasis on the precious metals industry, while respecting environmental laws, fulfilling social responsibilities, and promoting the rights of stakeholders and shareholders.