Outlook for 2019

● Gold production in 2018 is expected to be 535,000 to 565,000 ounces, or 16.64 and 17.57 tonnes.

● 2019 total capital expenditures, excluding capitalized stripping, are forecast to be $58 million.

● Growth capital investment for 2019 is forecast at $14 million.

● Capitalized stripping costs are expected to be approximately $108.

● Exploration expenditures expected to be $11 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.


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COMPANY NEWS

Кумтор Оперейтинг Компани

19.03.2019

2018 Fourth Quarter and 2018 Year-end Results

Basic Operating and Financial Results At the Kumtor Mine gold production in 2018 was 534,563 ounces1 or 16,626.78 kg. Gold sales in 2018 were 530,448 ounces1 or 16,498.79 kg with a revenue totaling $660.1 million2.

12.03.2019

LOGISTICS SPECIALIST (BISHKEK)

To the attention of 2018-2019 high school graduates  KGC announces a vacant position of   LOGISTICS SPECIALIST (BISHKEK)  Reference number: BI-19-02

04.03.2019

Kumtor-Backed Greenhouse Project in Issyk-Kul Province

Four new greenhouses began to supply vegetables to Issyk-Kul social institutions in 2018 under the Karagat + Project and with the support of Kumtor Gold Company.

04.03.2019

Kumtor Gold Company and ‘One Village One Product’ Association Announce Opening of Two Production Facilities in Jeti-Oguz District

Two felt production facilities opened in Tamga and Tilekmat villages of Jeti-Oguz District on February 27, 2019. Production facilities were launched as part of the local community empowerment project, implemented jointly with the ‘One Village One Product’ Association (OVOP) and funded by Kumtor Gold Company (KGC).

13.02.2019

08.02.2019

IT developer

Vacancy closed

06.02.2019

Charity Event ‘Kid, You Will Survive!’

KGC employees held a charity event ‘Kid, You Will Survive!’ dedicated to the World Cancer Day commemorated on February 4 each year.

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