The Ukrainian Metal

Kyrgyzstan: Kumtor’s net profit exceeds $1,174 billion in three years

Kumtor Gold Company’s net profit exceeded $1,174 billion from 2021 to October 2024, the president of the closed joint-stock company Almazbek Baryktabasov announced.

According to him, the company’s net profit in the 10th month of 2024 alone reached $266.9 million.

Total revenue for the period from 2021 to October 2024 amounted to $3,394 billion: in 2021 – $855.9 million, in 2022 – $986.5 million, in 2023 – $849 million and from January to October 2024 – $702.8 million.

More than 40 tons of gold were mined in total for the period from 2021 to October 2024. (24.kg)

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