Outlook for 2020

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

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

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

● The cash component of capitalized stripping costs related to the development of the open pit is expected to be $173 million of the $215 million total capitalized stripping estimated in 2020.

● Exploration expenditures expected to be $20 million
 

 

Welcome to the Kumtor website. I appreciate your time to learn more about our company.

Our Vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth. We believe how we conduct business and how all employees act in fulfilling their job responsibilities are fundamental to achieving our Vision.

The Values we share are demonstrated in how we operate every single day at Kumtor : Responsible Miners, Deliver Results, Continuous Improvement and Win as a Team.

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.

We do our utmost to have ZERO HARM at our operations the environment, community, and at home. Working together through promoting our Work Safe – Home Safe programs, everyone in the company takes responsibility for ZERO HARM.

We strive to improve our management practices, so we may respond to the economic, environmental and social expectations of our stakeholders, including our employees, communities, shareholders, government authorities, and the public.

Looking to the future, we will continue to find opportunities to Extend the Life of Mine in order to sustain our contribution to the economy of the Kyrgyz Republic and be the one of the best employers in Kyrgyzstan.

 


Video about Kumtor:


COMPANY NEWS

06.04.2020

Kumtor Gold Company Grants New Bulldozer to Ton District of Issyk-Kul Oblast

A delivery ceremony for the new bulldozer took place at the Ton district administration, Issyk-Kul oblast, on April 6, 2020.

Кумтор Оперейтинг Компани

30.03.2020

US $100,000 FINANCIAL AID

US $100,000 FINANCIAL AID Kumtor Gold Company will contribute US $100,000 in financial aid to provide necessary medical means to Issyk-Kul structures and individuals involved in proactive efforts being currently made to prevent the spread of COVID-19 across the province.

Centerra Gold Inc.

28.03.2020

Centerra Gold Announces Dividend of C$0.04 per share

Toronto, Canada, March 26, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its Board of Directors has authorized a dividend of C$0.04 per common share or C$11,751,182 (approximately US$8.2 million at the current exchange rate).

19.03.2020

32 schools and 11 kindergartens built with Kumtor help

In the last 10 years, thanks to financial contributions of Kumtor to the Development Fund of the Issyk-Kul region, 32 schools and 11 kindergartens have been built. TV news story

12.03.2020

06.03.2020

This year, the Bishkek Lyceum No. 91 celebrates the 20th anniversary of fruitful cooperation with Kumtor

Since 2000, Kumtor Gold Company has been implementing a regional scholarship program. This year, the Bishkek Lyceum No. 91 celebrates the 20th anniversary of fruitful cooperation with Kumtor. For two decades, more than 200 of the best graduates of schools in the Jeti-Oguz and Ton districts and the city of Balykchi from socially volnurable families got an opportunity to study the basics of cooking and obtain a profession with financial support of Kumtor.

05.03.2020

OUTLOOK FOR 2020

Preliminary data from the Kumtor exploration program approved by Centerra Gold’s Board of Directors in 2018 are encouraging. Experts believe that the life of the largest mining enterprise in Kyrgyzstan can be extended for several more years. Outlook for the current 2020 is also optimistic.

04.03.2020

This is our time!

“Unpacking Constraints to Gender Equality” was the theme of the Global Gender Summit held in Kigali, the capital of Rwanda, from November 25 to 27, 2019. The Summit was organized by the African Development Bank (ADB) with the support of the Government of Rwanda and other international organizations, including the European Bank for Reconstruction and Development (EBRD). Being the EBRD’s partner, Centerra Gold Inc. was invited to participate

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