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:
Interview with N. A. Meshkov, Honoured doctor of the Russian Federation, doctor of Medical Science, Professor (May 2010, Moscow )
Kumtor Gold Company has released the Environment and Sustainability Report for 2014.
We are offering you April issue of the corporate newsletter, In touch
Twenty company employees and their children traveled to the Kok-Jayik jailoo (mountain pasture) located in the Jety-Oguz district this August to spend one whole day in a mobile jailoo kindergarten opened under the Jaloo Kindergartens Project. Previously the company assisted with the provision of Ton and Jety-Oguz kindergartens with stationeries and books.
The expert group formed by the Kyrgyz cabinet has visited the Kumtor gold mine. The working group was also composed of Russian scientists from Moscow University retained by our government.
The third Karagat Fruit-and-Berry Festival was held in the village of Tiup Issyk-Kul province last weekend. The Festival was held for the third time as part of the Karagat + Project implemented by the AVEP public fund with the financial support of Kumtor Gold Company.
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2015. In the first six months of 2015, the Kumtor mine produced 286,383 ounces* or 8,907.51 kg of gold. The Company has contributed more than 4.8 billion soms in taxes and mandatory payments.