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…
Navoi Mining and Metallurgical Company JSC (NGMK) has successfully placed five-year corporate bonds worth $500 million on the London Stock Exchange, with an annual coupon rate of 6.75%, according to the company’s press service. The bonds were issued under international formats Reg S and Rule 144A, granting access to investors from the United States, Europe,…
Navoi Mining and Metallurgical Company (NGMK), the fourth-largest gold producer in the world and the leading gold mining enterprise in Central Asia, has successfully commissioned the vertical skip shaft “Skipovoy”. The project was implemented as part of a large-scale investment program to develop the lower horizons of the Zarmitan deposit. With a diameter of 6.5…