Outlook for 2019
● Gold production in 2019 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.
Video about Kumtor:
COMPANY NEWS
04.10.2019
INTERNSHIP in the construction projects unit
Kumtor Gold Company CJSC invites graduates of higher educational institutions on a competitive basis for 2-year internship in the construction projects unit of the KGC MINE ENGINEERING & GEOLOGY department
04.10.2019
GRADUATE INTERNSHIP in MILL OPERATIONS METALLURGICAL LABORATORY
Kumtor Gold Company CJSC invites graduates of higher educational institutions on a competitive basis for 2-year internship in MILL OPERATIONS METALLURGICAL LABORATORY:
04.10.2019
GRADUATE INTERNSHIP PROGRAM
Kumtor Gold Company CJSC invites graduates of higher educational institutions on a competitive basis for 2-year internship in PROCUREMENT & LOGISTICS department:
30.09.2019
One year of man hours LTI Free.
TV report about One year of man hours LTI Free. In Kyrgyz: In Russian:
06.09.2019
passenger transportation
Invitation closed
06.09.2019
Maintenance of the technical road from Barskaun to the Kumtor Mine
Invitation closed
29.08.2019
Kyrgyz Republic Nature Development Fund
TV report about Kyrgyz Republic Nature Development Fund that will be created under the Strategic Agreement between Centerra Gold and Kyrgyz Government.
28.08.2019
Centerra Gold Announces Completion of the Strategic Agreement with the Government of the Kyrgyz Republic
TORONTO, CANADA – August 26, 2019 – Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that, the remaining Kyrgyz legal proceedings affecting the Kumtor Project and the international arbitration proceeding at the Permanent Court of Arbitration have been terminated, in accordance with the Strategic Agreement on Environmental Protection and Investment Promotion (“Strategic Agreement”) previously entered into with the Government of the Kyrgyz Republic
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