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…
Yevgeny Antonov, First Deputy General Director of Navoi Mining and Metallurgical Company (NGMK), commented on the potential initial public offering (IPO) of the company during a conference organized by Fitch Ratings. According to Antonov, the decision to conduct an IPO lies with the shareholder – the state – which currently owns 100% of the company.…
Navoi Mining and Metallurgical Works published a report on its operational results in January-March. The production volume reached 27.8 trillion sums, up by 0.7% YoY. A total of 753,500 ounces of gold were extracted (compared to 748,100 ounces during the same period in 2024). $118.4 million was invested under the Investment Program. 697 new jobs…
Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC) is actively integrating ESG principles (environmental, social and governance standards) into its operations, Boris Samoylenko, Head of ESG at NMMC, has said. “Receiving the first ESG rating from internationally recognized agency Sustainable Fitch confirms our commitment to the principles of sustainable development and reflects the level of integration…
Sustainable Fitch has assigned JSC Navoi Mining and Metallurgical Company (NGMK) an ESG Entity Rating of “3” and an entity score of 51. This reflects NGMK’s efforts to implement its strategy for sustainable development, balanced against the environmental and social impacts of its operations. NGMK is a state-owned gold mining company based in Navoi. Its…