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.
”I am pleased to report that we achieved our production guidance for the full year 2015. We beat our gold production guidance for 2015 due to relatively even quarterly gold production as compared to prior years when the majority of the ounces were produced in the fourth quarter.
Gold production for the full year 2016 at the Kumtor mine is forecast to be 480,000 to 530,000 ounces or 14.9-16.5 tonnes. In 2016, the company expects an increase in gold production in the latter half of the year after we have accessed the high-grade SB Zone in the third quarter of 2016″.
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. (Centerra) and Kumtor Gold Company announced they had another strong year delivering more than 550,000 ounces of gold production
Kumtor Gold Company expresses sincere condolences to all those who lost loved ones in the plane crash
The Kumtor Gold Company management and employees express deep and sincere condolences to the families who lost loved ones in the cargo plane crush taken place in Dacha-SU village nearby the Manas Airport on January 16, 2017.
This week Kumtor employees handed over 768 New Year gifts to children from orphanages, crisis centers and low-income families of Balykchy town, Jeti-Oguz and Ton regions of Issyk-Kul oblast.
Toronto, Canada, December 29, 2016: Centerra Gold Inc. (TSX: CG) reports that its Kumtor operation, located in the Kyrgyz Republic, has received the necessary permits and approvals for its 2017 mine plan. The approvals and permits are valid for the full year.
The results of the Press conference of Ton and Jety-Oguz districts Youth representatives regarding the court decision, which influences the social investment of Kumtor into Issyk-Kul region.
Kumtor Employees Funded Repair Works in the Burn Unit’s Wards of the Bishkek Research Center of Trauma and Orthopedics
Employees of Kumtor Gold Company regularly raise money for charity purposes. This time, the fundraising has been organized among the company employees at the suggestion of Kumtor’s Medical Department to support the only Burn Unit in Kyrgyzstan