The thermodynamic simulation of the oxidation processes of silver selenide by reagents such as NaNO2, NaNO3 and NaOH during their heat treatment has been conducted. Gibbs energy of silver selenide oxidation reactions has been estimated. It is shown as a reagent–oxidant of silver selenide it is rationally to use a mixture of sodium nitrite and sodium hydroxide. Oxidation of silver selenide during heat treatment together with sodium nitrite and sodium hydroxide is accompanied by the formation of soluble compounds such as Na2SeO3 and Na2SeO4, silver being passed in the metallic state. Separation coefficients characterizing oxidation efficiency and the level of selenium transfer in soluble compounds were estimated. Using the data the separation method of materials containing selenides by means of their sintering with sodium-containing reagents is proposed. The method is based on the transfer of selenium in the water-soluble compounds followed by leaching, precious metals being the elemental state. The products obtained are suitable for the production of selenium and precious metals by traditional technologies.