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 )
As part of the corporate social responsibility project, Kumtor Gold Company’s medical department and several employees organized a charity event in the specialized infant orphanage of Bishkek. The event was held on November 20, 2015 and dedicated to the World Children’s Day.
A charity act was carried out on November 11, 2015, in the Bishkek Park Trade Center by employees and managers of Kumtor Gold Company’s Mining Engineering, Production, Dewatering and Environment Departments in coordination with Compliance Manager as part of the Corporate Responsibility Project. Participating in the act was also the Forward Movement public association providing aid to children with special needs.
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2015. In the nine months of 2015, the Kumtor mine produced 390,084 ounces* or 12,132.98 kg of gold. The Company has contributed more than 6.3 billion soms in taxes and mandatory payments.
Kumtor Gold Company Received The Certificate On Compliance With The International Cyanide Management Code
Kumtor Gold Company received the Certificate On Compliance with the International Cyanide Management Code from the International Cyanide Management Institute (ICMI), confirming that Company’s operations with cyanide are in full compliance with the Transportation requirements of the Code.
A team of managers and employees of Kumtor Gold Company held a Community Clean-Up Day in Issyk-Kul oblast on November 5, 2015. The event has become a part of the corporate social responsibility project and covered Kesken Bel pass in Ton region, the beach of Tosor village and the parking lot between Tamga and Tosor villages.
A greenhouse was officially opened on October 29, 2015, in the Balajan kindergarten located in the city of Balykchi, Issyk-Kul province. The green house project was supported by Kumtor company as part of the Karagat + Program being implemented by the AVEP Public Fund.