Outlook for 2015
● Gold production in 2015 is expected to be between 470,000 and 520,000 ounces, or 14.6 and 16.2 tonnes.
● 2015 total capital expenditures, excluding capitalized stripping, are forecast to be $77 million.
● Growth capital investment for 2015 is forecast at $23 million.
● Capitalized stripping costs in the Central Pit are expected to be approximately $162 million.
«I am pleased to report that the operation met its annual production guidance for 2014. During the fourth quarter, the Company produced 291,635 ounces of gold as we accessed the high-grade SB Zone, which we are continuing to mine in the first quarter of 2015.
At Kumtor this year, we are expecting relatively even quarterly gold production as compared to prior years when the majority of the ounces were produced in the fourth quarter. The Kumtor mine is expected to produce between 470,000 and 520,000 ounces of gold, or 14.6 and 16.2 tonnes of gold in 2015.»
Video about Kumtor:
Interview with N. A. Meshkov, Honoured doctor of the Russian Federation, doctor of Medical Science, Professor (May 2010, Moscow )
A group of Kumtor Gold Company’s employees took part in Kyrgyzstan’s Second Tournament of Miners and Metallurgists, an event that took place in the resort Kyrgyzskoye Vzmorye, Bosteri, Issyk-Kul province on September 15-18, 2015.
For the 2015-2016 academic school year, 106 applications were received, from which, after review, 23 Scholarships were approved and awarded by KGC. Eleven of the selected students study at Technical School #91 after which they will attain a diploma in the specialty of Cook/Baker and 12 students study at Technical School #27 after which they will attain a diploma in the specialty of Auto Mechanic.
Kumtor Employee Winner of Beauty and Creativity Contest “Miss Miner-2015″ in Nomination “Miss Style-2015″
Anara Seidekbekova, a Kumtor Company employee, was recognized as the winner of the beauty and creativity contest “Miss Miner-2015″ in the nomination “Miss Style-2015.” The event was held in the Kyrgyz Coastland (Kyrgyzskoye Vzmorye) resort, Bosteri, Issyk-Kul province, on September 17, 2015, as part of the Second Kyrgyz Miners and Metallurgists Tournament.
A conference titled “Effective NGO Governance: from Setting Missions to Practical Results” was held last weekend in the Issyk-Kul region. Participating in it were representatives of six Youth Banks created under a project implemented by the Eurasian Fund of Central Asia (EFCA) with the support of Kumtor Gold Company.
With the support of Kumtor Company, a local youth organization is developing a drip irrigation project for a public park in the village of Kajisai, Ton district. The company has contributed 60,000 soms to purchase equipment and materials.
With the support of the Balykchi City Hall, Kumtor Gold Company has handed over a drying chamber to the Generation Next youth organization for the free use.