The Tenir-Too Development Fund has accumulated approximately 2 billion soms, formed through contributions from Kumtor Gold Company. President of Kyrgyzstan Sadyr Japarov announced this at the Nooruz celebrations in Naryn region, emphasizing the company’s contribution to the region’s economy. According to him, starting in 2022, 0.6% of the Kumtor gold mine’s gross profit has been…
President of Kyrgyzstan Sadyr Japarov, during a republican meeting at Yntymak Ordo, summing up the work results over the past five years, touched on Kumtor issue. He noted that the project was a particularly complex issue for the entire country and for him personally. “For many years, controversy, accusations, slander, and various political games have…
Another shipment of specialized heavy mining equipment has been delivered to Togolok gold deposit, developed by Kumtor Operating Company. According to the company, the equipment is intended for complex development work at the mine, which is considered a strategically important project for Kyrgyzstan’s mining industry. Currently, four Shacman dump trucks, two Nefaz crew buses, two…
Kumtor’s revenue for 2025 exceeded 124,216 billion soms, and gold production will reach 12 tons until the end of the year, Daiyrbek Orunbekov, head of the Information Policy Service of the Presidential Administration of the Kyrgyz Republic, reports. According to him, all revenues are transferred to the state budget and used for the needs of…
Kumtor’s net profit has amounted to $2 billion over the past three years, President of Kyrgyzstan Sadyr Japarov has announced at the 4th People’s Kurultai. According to him, significant profits began to flow after Kumtor was transferred to state ownership. In 2025 alone, the company’s net profit amounted to $678 million. The head of state…
In the first 10 months of 2025, Kumtor Gold Company (KGC) generated 80 billion soms in revenue from production activities, surpassing the planned 55.1 billion soms, the company’s press service reported. Net profit reached 36.9 billion soms, significantly exceeding the planned 13.373 billion. Budget contributions in the form of taxes and mandatory payments totaled 16.272…
Members of the Board of Directors and Management Board of Kumtor Gold Company CJSC, as well as the management of Kumtor Operating Company inspected the progress of work under Togolok and Dzhangart projects. According to the company, management inspected the construction of a transfer point in the village of Ak-Shyirak, the condition of roads leading…
President of the Kyrgyz Republic Sadyr Japarov on August 27 took part in an event dedicated to the launch of the underground gold-mining project at Kumtor Gold Company. The head of state noted that the return of Kumtor gold mine to state ownership was one of the most important events in the period of Kyrgyzstan’s…