Outlook for 2014
● Gold production in 2014 is expected to be approximately 550,000 to 600,000 ounces or 17.1 to 18.7 tonnes.
● Approximately 50% of gold production is expected to occur in the fourth quarter.
● The projected capital expenditures, excluding capitalized stripping, are estimated to be $85 million.
● Capitalized stripping costs in the Central Pit are expected to be approximately $191 million.
Michael Fischer, President of KOC and KGC, stated, “We are delighted to state that despite all the problems, the 2013 gold production guidance was achieved. In 2014, the planned mining sequence at Kumtor will be very much the same as it was in 2013 with approximately 50% of Kumtor’s gold production occurring in the fourth quarter. Nevertheless, we should maintain the current high pace of work, and I am certain that we’ll achieve successfully the planned gold production guidance of 550,000 to 600,000 ounces.”
Video about Kumtor:
The II Annual Berry and Fruit Festival Karagat Fest will take place on August 9, 2014 in Kyzyl-Suu village of Djety-Oguz District of the Issyk-Kul region. The Public Foundation Avep in terms of Karagat+ Project, sponsored by Kumtor Gold Company, organizes the festival for a second time.
A Greenhouse opening ceremony took place in Ak-Suu orphanage house in Teploklyuchenka village last Friday. Launching of a greenhouse was made possible thanks to Karagat+ Project implemented by Avep Public Foundation with the financial support from Kumtor Gold Company.
Kyrgyz Agro-Input Enterprise Development Completes Rehabilitation Program for 1,500 Hectares of Land in Jety-Oguz District Issyk-Kul Province With Support of Kumtor
The rehabilitated sites were officially commissioned on July 11, 2014, in the village of Svetlaya Polyana Jety-Oguz district Issyk-Kul province near the daily runoff pond.
The first event of series of actions to mark the 80th World Congress of Writers, held in Bishkek in September- October 2014, will take place today at 4 pm.
The regular field tax audit of the CJSC Kumtor Gold Company for 2012-2013 by the State Tax Service of the Kyrgyz Republic for the control of large taxpayers was completed on June 18, 2014.
Kumtor Gold Company (KGC) is pleased to announce that it has received the necessary approval of its 2014 Kumtor mine plan from the relevant Kyrgyz Republic agencies. KGC therefore confirms that Kumtor mine will continue to operate uninterrupted.