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 )
Groups of Kumtor Gold Company’s employees carried out two cleanup actions in Bishkek-based First Children’s Hospice and Psychoneurological Center in Belovodskoye on April 22 and 23, 2017.
On April 19, 2017, Kumtor Company employees took part in the traditional tree planting event organized by non-profit Green Foundation.
Centerra Gold Inc. (TSX: CG) regrets to report a fatality at its Kumtor mine in the Kyrgyz Republic.
Basic Operating and Financial Results At the Kumtor mine gold production in 2016 was 550,960 ounces or 17,136.78 kg. Gold sales in 2016 were 546,342 ounces* or 16,993.15 kg with a revenue totaling $686.4 million**.
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.