Kyrgyzstan’s largest domestic gold mining company, Kyrgyzaltyn, plans to launch two industrial projects in 2025. “Currently, a gold extraction plant is being built at the Solton Sary deposit in Naryn region in partnership with Indian collaborators. Once operational, the facility will create at least 400 new jobs,” the company’s statement said. Additionally, Kyrgyzaltyn is planning…
The President of Kyrgyzstan Sadyr Japarov visited the brand store for the sale of weighted gold bars of Kyrgyzaltyn JSC. The head of state was informed that the official opening of the store took place on September 5. The sales of gold bars amounted to 50 million soms and the company’s net income — 3…
Personnel changes have occurred in the management board of Kyrgyzaltyn OJSC, the website of the Kyrgyz Stock Exchange reports. The board of directors of Kyrgyzaltyn OJSC elected Aisha Karpayeva as Deputy Chairperson of the company’s management board. Previously, she held the post of Deputy Minister of Natural Resources, Ecology and Technical Supervision. Aisha Karpayeva was…
Kyrgyzaltyn JSC has been granted rights to use Kyzyl-Ompol subsoil. The corresponding order was signed by the head of the Cabinet of Ministers of Kyrgyzstan. The company received the right to conduct geological exploration and develop deposits in Issyk-Kul region. Kyrgyzaltyn has the right to develop deposits of titanomagnetite, zirconium, phosphorus, thorium and uranium on…
A new gold bar production plant will be opened in Kara-Balta city in August, Deputy Chairman of the Board of Kyrgyzaltyn OJSC Narynbek Satybaldiev has announced at a press conference. The launch of the plant will be part of the events timed to the 100th anniversary of the formation of the Kara-Kyrgyz Autonomous Region and…
Kumtor Gold Company CJSC will pay Kyrgyzaltyn OJSC $151.3 million in dividends, up by $11.3 million YoY. After Kumtor pays dividends to the state for last year, Kyrgyzstan’s total income from the gold mining company’s shares for 2022 and 2023 will be $291.3 million. This exceeds the amount of dividends received by the country from…
Kyrgyzaltyn’s income amounted to 14.8 billion soms in 2023 and net profit – 12.65 billion. The results of work last year were published on the website of the open joint-stock company. The net profit figures were the highest in the entire history of the JSC. Kyrgyzaltyn JSC managed to bring three out of four branches…
The first delivery of gold to the international market by Kyrgyzaltyn is expected in April. This was announced to journalists at a closed briefing by a high-ranking official from the presidential administration. He especially emphasized that the precious metal would be sold at the price of the London Stock Exchange at the time of delivery.…