Low-grade ore will be mined at Kumtor for about two years, so the base scenario for Kyrgyzstan’s economic growth of 6.2% has been chosen, rather than the most optimistic forecast of 8.4%, the Minister of Economy and Commerce of Kyrgyzstan Daniyar Amangeldiev has said. According to him, the ministry has prepared several scenarios for economic…
President of Kumtor Gold Company CJSC Almazbek Baryktabasov took part in the ceremony of handing over assistance to socially vulnerable residents of Ton and Jeti-Oguz districts of Issyk-Kul region. As part of fulfilling its social obligations, the company allocated 18 million soms for the purchase of 200 pregnant cows with calves. “Today we are handing…
The State Committee for National Security of Kyrgyzstan announced detention of the heads of commercial firms controlled by a crime boss Kamchybek Asanbek (Kamchi Kolbaev), which provided catering services at Kumtor mine. In connection with the detention, Kumtor Gold Company CJSC commented that Grand Electronics Staff LLC was hired to provide services during the period…
Kumtor Gold Company in Kyrgyzstan produced 15.567 tons of gold in 2023. According to the company, it sold 15.577 tons of gold last year. Kumtor Gold Company’s revenue from production activities in 2023 amounted to $849 million, surpassing the planned revenue of $734.2 million. The net profit reached $302.4 million, exceeding the planned $194 million.…
Net profit of Kumtor Gold Company CJSC last year amounted to $302.4 million with the plan of $194 million. Revenue of Kumtor Gold Company from production activities in 2023 amounted to $849 million with the plan of $734.2 million. Last year the company sold a total of 13,577 kilograms of gold. At least 17,241,071 billion…
First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev launched a project for underground gold mining at Kumtor mine at the Situational Center of the Presidential Administration, the press service of the Cabinet of Ministers reported. “This method of ore mining will help increase gold production, as well as reduce the negative…
The number of employees at Kumtor gold mine has grown by 33%, or by 1,156 people over four years. Since 2017, the enterprise has taken a course to reduce the cost of gold production, including gradually reducing the staff in order to reduce administrative costs. As a result, in 2019, 3,467 people worked at Kumtor:…
Over two years, 45 tons of gold and 8 tons of silver have been produced at Kumtor, which are stored in the National Bank, the Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov has said. According to him, in 2021, when the president announced transfer of Kumtor to the state, some educated members…