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 $75 million.
● Growth capital investment for 2015 is forecast at $26 million.
● Capitalized stripping costs in the Central Pit are expected to be approximately $185 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:
The 3rd International Forum of Eurasian young professionals titled Jashyl Oi 2015 was held at Kaji-Sai, Issyk-Kul province. The Jashyl Oi (“Green Thinking”) national environmental program was launched three years ago by the Youth Initiatives Promotion Fund with the support of Kumtor Gold Company.
A playground was officially commissioned in the village of Orto-Tokoy, Issyk-Kul Province, on July 11, 2015. This project was supported by Kumtor Gold Company. The event became a holiday for village children and adult residents.
Teachers and 2nd-3rd-year students of the U.Asanaliyev Mining Engineering and Technologies Institute, studying in the groups “Process Safety and Mine Rescue Work” and “Environment-Friendly Mining Engineering”, Health, Safety and Environment Department, made a tour of the Kumtor Mine last week-end.
A new stage of Start-Up Weekend under the Youth Business Project took place in the city of Karakol last weekend. This Project is being implemented by the Eurasia Foundation of Central Asia (EFCA) with the financial support of Kumtor Gold Company.
Last Sunday, Kumtor Gold Company sent stationeries and books to kindergartens located in the mountain pastures in Ton and Jety-Oguz districts, Issyk-Kul province.
On June 30, 2015, Vocational School # 91 awarded diplomas to its graduates at this year’s graduation ceremony. Among graduates were five young people from the Issyk-Kul Province, who were able to receive education owing to the Scholarship Program implemented by the Kumtor Gold Company.