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:
Today on April 22, 2015, in Bishkek, the Water Museum opened it’s doors. The Museum was opened at the K.I.Skryabin Kyrgyz National Agrarian University. Kumtor Gold Company is one of the sponsors of the Museum.
Since April 2015, the Regional Information Center of Kumtor Gold Company for the Jety-Oguz District will be based in the premises of the Kyzyl-Suu Village Administration. The Center is open to visitors Monday through Friday from 9.00 till 17.00.
Four daily runoff ponds and a water reservoir have been rebuilt before the start of irrigation in the Jety-Oguz and Ton districts, Issyk-Kul province, with the support of Kumtor Company. The budget of the project is estimated at $173,545.
A futsal field, built with the support of Kumtor Gold Company, was officially inaugurated in the village of Tilekmat, Jety-Oguz district, last week.
The kindergarten in the village of Barskoon, Jety-Oguz district, can provide room for 140 children since the spring of 2015. Kumtor Gold Company has contributed more than 660,000 Soms for its equipment with new furniture.
In line with its strategy of supporting local communities in their bid to secure sustainable development, Kumtor Gold Company has handed over to the Jargylchak Municipal Administration the Bal Shireh fruit processing plant designed to produce aseptic canned goods and juices and located in the village of Ak-Terek, Jety-Oguz district.