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:
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.
The Start Up Weekend organized today, June 26, 2015, in the city of Balykchi is designed to select candidates to the business-doing training program which will enable them to win grants to start their own business.
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The Fifth International Janek Baatyr Cup Judo Youth Tournament was held in the village of Tamga on June 10-12, 2015.
Ahead of International Children’s Day, Kumtor Company sent its gifts to children resident in Jety-Oguz and Ton districts and the city of Balykchi. The event was organized for children from indigent families, disabled children and also children in Issyk-Kul rehabilitation centers and orphanages.
A “Welcome Summer” event took place in Balykchi on May 25, 2015, which included a cleanup action on two public beaches in the neighborhood of Balykchi. The event was organized by Kumtor Gold Company with the support of the Generation NEXT youth association, Balykchi City Hall, local school students and Company employees.