Navoi Mining and Metallurgical Company (NGMK) produced 1.5088 million troy ounces of gold during the first half of 2026, according to the company’s operational results for the reporting period. The company said the value of its total production reached 86.2 trillion Uzbek sums during the first six months of the year. As part of its…
Net profit of Navoi Mining and Metallurgical Company (NGMK) reached $3.5 billion in 2025, marking a 64% increase compared to $2.1 billion in 2024. The company’s revenue rose by 46.4%, to $10.8 billion, while operating profit grew by 58%, to $6.2 billion, up from $3.9 billion a year earlier. As of year-end, total assets stood…
In 2025, Navoi Mining and Metallurgy Company (NGMK) produced goods totaling 135.6 trillion sums, marking a 44.4% increase compared to 2024. Gold production exceeded 3.1 million ounces, up by 2.1%, calculated at a price of $3,579.8 per ounce. As part of its investment program, the enterprise implemented $561 million worth of projects, creating 2,628 new jobs. The localization…
Yevgeny Antonov has stepped down as First Deputy Chief Executive Officer of the Navoi Mining and Metallurgical Company (NGMK) after 3.5 years in the role, according to the Unified Corporate Information Portal. He has also been removed from the company’s list of affiliated persons. On December 24, 2025, NGMK’s Supervisory Board decided to appoint Jahongir…
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Navoi Mining and Metallurgical Company (NMGK) at BB with a Stable Outlook. The company’s senior unsecured notes were also affirmed at BB, with a Recovery Rating of RR4. According to Fitch, the rating reflects NMGK’s scale as the world’s fourth-largest gold producer, with an…
The Navoi Mining & Metallurgy Combinat (NGMK), the world’s fourth-largest gold producer and the largest gold mining company in Central Asia, has released its IFRS financial results for the first half of 2025. According to Jahongir Khasanov, NGMK’s Deputy General Director for Economics and Finance, the company produced 1.54 million ounces of gold in H1…
In the first half of 2025, Navoi Mining and Metallurgical Company (NGMK) produced goods worth 60.8 trillion sums, a 44.1% increase compared to the same period in 2024, when output stood at 44.2 trillion sums. The physical volume of production rose by 1.4%, reaching 1.54 million troy ounces of gold (approximately 47.8 metric tons), based…
In 2024, the Navoi Mining and Metallurgical Company (NGMK) reached a historic milestone by producing more than 3 million ounces of gold for the first time. This was announced by Yevgeniy Antonov, First Deputy General Director and Chief Transformation Officer of NGMK, during the Tashkent International Investment Forum. “Last year, we crossed a significant threshold…