Outlook for 2016
● Gold production in 2016 is expected to be 480,000 to 530,000 ounces, or 14.9 and 16.5 tonnes.
● 2016 total capital expenditures, excluding capitalized stripping, are forecast to be $110 million.
● Growth capital investment for 2016 is forecast at $26 million.
● Capitalized stripping costs are expected to be approximately $122 million.
”I am pleased to report that we achieved our production guidance for the full year 2015. We beat our gold production guidance for 2015 due to relatively even quarterly gold production as compared to prior years when the majority of the ounces were produced in the fourth quarter.
Gold production for the full year 2016 at the Kumtor mine is forecast to be 480,000 to 530,000 ounces or 14.9-16.5 tonnes. In 2016, the company expects an increase in gold production in the latter half of the year after we have accessed the high-grade SB Zone in the third quarter of 2016″.
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 KGC employees visited the Kok-Jayik mobile jailoo kindergarten last weekend to donate stationeries and textbooks the kindergarten needs for regular operation.
Twenty KGC employees jointly with the representatives of local authorities, youth organizations and Jashyl Bilik Public Fund cleaned three beaches in the Ton district and built an eco-beach in the village of Ton under the Green Point Project last weekend.
Centerra Gold Inc. (TSX: CG) announced that its Board of Directors has authorized a quarterly dividend of Cdn$0.04 per common share (approximately US$7.3 million at the current exchange rate) on July 26, 2016.
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Graduates Of The Vocational School No.27, Kumtor Gold Company’s Scholarship Holders, received Discipline-Specific Certificates
A solemn awarding ceremony, where discipline-specific certificates were handed out to the graduates of vocational schools, including Kumtor Gold Company’s scholarship holders, took place on July 8, 2016 in Bishkek, in the great hall of the Kyrgyz National Drama Theatre named after T. Abdumomunov.
New online water quality sensors have been installed as part of the environmental monitoring program in order to improve the Naryn River monitoring.