Outlook for 2018

● Gold production in 2018 is expected to be 450,000 to 500,000 ounces, or 14.15 and 15.55 tonnes.

● 2017 total capital expenditures, excluding capitalized stripping, are forecast to be $63 million.

● Growth capital investment for 2017 is forecast at $14 million.

● Capitalized stripping costs are expected to be approximately $122 to $168 million.

KGC continues to contribute significantly to the economy of the Kyrgyz Republic as the largest taxpayer and the largest employer in Kyrgyzstan’s private sector.
Kumtor successfully implemented various continuous improvement initiatives throughout the year resulting in higher throughput in the mill and lower unit costs. It is important for KGC that we continue to meet our production targets in a way that is safe, and environmentally and socially responsible.
We strive to have ZERO HARM at our operations and at home and by working together using STOP conversations and taking on responsibility for safe work activity together we can achieve this most important goal.
Our long-term vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth.

Video about Kumtor:


Кумтор Оперейтинг Компани


2017 Fourth Quarter and 2017 Year-end Results

Basic Operating and Financial Results At the Kumtor mine gold production in 2017 was 562,749 ounces*  or 17,503.46 kg.


Kumtor employees held charity event at the Tokmok boarding house for elderly people

On March 4, 2018, a group of Kumtor employees and Red Crescent volunteers jointly with elderly people planted fruit trees in what is to become an orchard in the Tokmok boarding house for lonely elderly people, ahead of the March 8 International Women’s Day.


Kumtor Gold Company Heavy Duty Equipment Maintenance Department B-1 and B-2 Shifts’ Employees Help Two Orphanages of Issyk-Kul Oblast

Following the results of the “Safety Month” competition held at the Kumtor Gold Company in November 2017, the tire fitting personnel of HD Equipment Maintenance B-1 and B-2 shifts won two certificates totaling KGS 50,000. The said personnel decided to use the entire winning amount for charitable purposes. Having united with representatives of the KGC contractor ‘Helper’ Company, they additionally collected KGS 10,000. As a result, it was decided to help two orphanages of Issyk-Kul oblast – Kelechek in Kyzyl Suu village and Meerim Bulagy in Ak-Bulak village – by providing them with various household appliances to the amount of KGS 60,000. On February 11, 2018, Kumtor Ambassadors visited Kelechek Orphanage and presented them a washing machine, an electric oven, a vacuum cleaner, an iron, a kettle, bed linen and sweets. On February 12, 2018, Kumtor employees visited Meerim Bulagy Orphanage and presented them a gas stove, a vacuum cleaner, an iron, a kettle, bed linen and sweets.


Kumtor Gold Company Provided Humanitarian Aid to Needy Communities

Last week Kumtor Gold Company provided charity support to three communities of Issyk-Kul and Chui oblasts. The Company employees delivered more than three hundred food gift baskets to the amount exceeding 180,000 soms to the aid recipients.


Concert at the height

Presidential chamber orchestra gave a concert at the Kumtor mine site (In Russian)


Kumtor Gold Company and ‘One Village One Product’ Association Announce Opening of New Production Facility

The grand opening of the felt production facility took place in Kara-Koo village of Ton region on January 24, 2018.


Mini-Football Field Opens in Kadji-Sai

The grand opening of a mini-football field took place in Kadji-Sai village of Ton District, Issyk-Kul Region, on January 24, 2018.


Employees of Medical and Engineering Departments Sponsored Children’s Chess Tournament

The Ambassadors of Kumtor of KGC’s Medial and Engineering Departments jointly sponsored a children’s chess tournament in December 2017 in support of the educational program of the Public Foundation “Defense of Orphans’ Rights” implemented on the base of American University in Central Asia (AUCA).