Revenues of Kumtor, the largest gold mining enterprise of Kyrgyzstan, after its transfer under the state management amounted to $1,174 billion in net profit, the Chairman of the Board of the Association of Miners and Geologists of the Kyrgyz Republic Duishenbek Kamchybekov said. The expert recalled that the foreign company over more than 20 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…
In less than three years since transfer to the state, the net profit of Kumtor project exceeded $1.77 billion, the Chairman of the Cabinet Akylbek Japarov said at the meeting of the Parliament. MPs considered the report of the Cabinet of Ministers on the execution of the national budget for 2023. “Thanks to the political…
Kumtor Gold Company, within the framework of support of domestic production, as well as the renewal and modernization of the service vehicle fleet, purchased several crossovers Chevrolet Tracker, produced at Tulpar Motors plant, for the corporate fleet. The purchased Chevrolet Trackers will replace the cars, the service life of which has come to the end.…
Kumtor Gold Company (KGC) produced 7,960 kilograms of gold in January-September, up by 81 kilograms from the established plan. KGC’s revenue for this period amounted to $579.8 million instead of the planned $463.4 million. The company’s net profit amounted to $216.6 million. Kumtor Gold Company notes that this indicates a high level of efficiency of…
According to experts, low-grade gold ore mining at Kumtor will continue for some time. According to Kumtor Gold Company CJSC, a decrease in planned gold mining figures is not uncommon and is caused by the low gold content in the commercial ore mined at Kumtor mine. There have been cases at the mine, when the…
Acting Minister of Natural Resources, Ecology and Technical Supervision Azis Saparaliev visited Kumtor mine. During the visit, Azis Saparaliev inspected the central open pit, familiarized himself with the work of the gold extraction plant and visited the tailing dump. Kubanychbek Turdukozhoev, Vice President for Production at Kumtor Gold Company CJSC, said that currently gold-bearing ore…
The total income from the sale of gold in 2022-2023 at Kumtor amounted to $1,835 billion, President of Kumtor Gold Company Almazbek Baryktabasov announced at the International Forum MINEX Central Asia 2024. He spoke at the plenary session “Unlocking Mineral Resources Potential — Leading Role of Mining Industry Leaders and International Investors”. The head of…
