Outlook for 2017
● Gold production in 2017 is expected to be 455,000 to 505,000 ounces, or 14.5 and 15.7 tonnes.
● 2017 total capital expenditures, excluding capitalized stripping, are forecast to be $96 million.
● Growth capital investment for 2017 is forecast at $28 million.
● Capitalized stripping costs are expected to be approximately $234 million.
2016 was a very eventful year for all of us. Our Mill set a Throughput record of 6.3 tonnes beating the old record by ½ a million tonnes. Our Mine Department kept to plan and is hiring 90 new operators to enable us to do even more work. Our Maintenance team moved into our MEGA shop and now is working at even higher standards. Kumtor’s production forecast is expected to be in the range of 455,000 ounces to 505,000 ounces with 30% of the production expected to be in the fourth quarter.
We are rolling out our WORK SAFE – HOME SAFE program, focusing on Safety Leadership for all. Our target is zero harm and we must stay true to this goal.
Video about Kumtor:
Interview with N. A. Meshkov, Honoured doctor of the Russian Federation, doctor of Medical Science, Professor (May 2010, Moscow )
Centerra Gold Inc. reports that the Kumtor operation, located in the Kyrgyz Republic, has received the necessary permits from the state authorities to raise the tailings dam to the 3674 metre elevation.
Employees of Kumtor Gold Company’s Marshalling Yard in Balykchy Arrange Educational Tour for Local High School Students
Employees of Kumtor Gold Company’s Marshalling Yard in Balykchy have arranged an educational tour for 9-grade students of L.N. Tolstoi High School of Balykchy.
MACK Truck Drivers of Kumtor’s Balykchy Marshalling Yard and Mine Department “A” Crew Employees Rendered Targeted Aid to Plane Crash Victims
Employees of Kumtor Gold Company’s Marshalling Yard located in Balykchy from among the Mack truck drivers organized a fundraising for victims of the plane crash occurred on January 16, 2017 near the International Manas Airport.
On February 11, 2017 Kumtor Gold Company’s employee Nuraiym Junusova was awarded the Tenir Too Aiymdary Medal.
Employees of Kumtor Gold Company have raised KGS 263,785 (two hundred sixty three thousand seven hundred eighty five soms) for victims of the plane that crashed near Manas International Airport on January 16, 2017.
Centerra Gold Inc. (Centerra) and Kumtor Gold Company announced they had another strong year delivering more than 550,000 ounces of gold production