Kumtor Gold Company | Official site of the Kumtor Gold Company - Welcome

The value shares Centerra Gold Inc. on the Toronto Stock on 05.12.2020: 10.79 USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 835 165 055 USD

Environment

Kumtor considers responsible environmental management an important part of its business, and spends approximately $7 million USD per year on environmental assessment and management.

People & careers

The well-being of our employees is our top priority. We are committed to providing rewarding jobs in a safe work environment.

Safety of employees

Kumtor Gold Company recognizes the protection of the health and safety of its employees, contractors, the public and the environment as among the highest corporate priorities at all stages of our activities including exploration, operations and decommissioning.

Operations

Kumtor, one of the highest gold deposits in the world, is situated in the southern region of the Central Tien-Shan at an altitude of 4,000 meters above sea level in a permafrost zone. The deposit is located 350 kilometers from Bishkek, the capital of the Kyrgyz Republic.

Procurement & Logistics

In the Kyrgyz Republic, Kumtor is known as a ‘budget enterprise,’ which refers to the scale of our diverse contributions to the Kyrgyz economy. Our impact, as the largest private sector purchaser of goods and services in the Kyrgyz Republic, is detailed in this section.

Social responsibility

We contribute to Kyrgyzstan and its economy by creating jobs, paying taxes, using local suppliers and investing in community infrastructure.

Outlook for 2020

Production

Gold production in 2019 is expected to be 520,000 to 560,000 ounces, or 16.17 and 17.42 tonnes.

Expenditures

2020 total capital expenditures, excluding capitalized stripping, are forecast to be $67 million.

Investment

Growth capital investment at Kumtor for 2020 is forecast at $18 million

Exploration

Exploration expenditures expected to be $20 million

As an international company, we respect the different needs and values of people and their cultures and operate with high level of transparency to ensure all stakeholder confidence.

Deon Badenhorst

President

Company news

03.12.2020 Waste Sorting Plant To Start Working in Balykchy of Issyk-Kul Region Thanks to Kumtor Gold Company

Municipal authorities of Balykchy, Issyk-Kul region, are currently preparing working sites and assembling the waste sorting equipment at the municipal waste landfill. The project was initiated in 2019 by Balykchy Town Hall Administration and approved by KGC Regional Committee.

25.11.2020 ACCOUNTANT (BISHKEK)

KUMTOR GOLD COMPANY announces a temporary vacant position of ACCOUNTANT (BISHKEK)

16.11.2020 Operating Results of the Third Quarter of 2020

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2020. For the nine months of 2020, KGC produced 465,734 ounces ¹ or 14,485.95 kg of gold and contributed more than 10.21 billion soms in taxes and mandatory payments.

11.11.2020 CRANE OPERATOR (BALYKCHY)

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News archive

Media

Animals of Ak-Shyirak Documentary Watch

Video presentation for Balykchy marshalling yard visitors Watch

Video presentation for Kumtor mine site visitors Watch

Environment up to the mark Watch

Video Gallery Photo gallery

employees

Kumtor Gold Company provides jobs for over 3,400 people .

99 percent of the Company full-time employees are Kyrgyz citizens, and this proportion is ever growing as the result of foreign managerial personnel being gradually replaced by national employees.

Staff

As of 30.09.2020
Kumtor Company employed

2 717

Full-time
staff

Kumtor People

41

expat staff

2 676

Kyrgyz citizens

The number of contract staff employed at Kumtor

1656

Total:

4 373

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The value shares Centerra Gold Inc. on the Toronto Stock on 05.12.2020: 10.79 USD USD Value of Kyrgyzstan's shares in Centerra Gold Inc. : 835 165 055 USD

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