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.


Video about Kumtor:


COMPANY NEWS

19.04.2019

TV report about exploration at Kumtor

In Kyrgyz: In Russian:

12.04.2019

Opinion: Glaciers of the Ak-Shyirak massif

TV program about the Water Code of Kyrgyzstan

09.04.2019

Kumtor Volunteers Aid Boarding School for Blind and Visually Impaired Children

On April 2, 2019, a group of Kumtor Ambassadors paid a charity visit to a Bishkek-stationed high school for blind and visually impaired children.

09.04.2019

Green Initiatives

A group of Kumtor employees have taken part in the national volunteer clean-up during which they planted trees in the territory of the orphanage Meerim Bulagy located in Issyk-Kul province and in Junusaliyeva Street in Bishkek. The event was organized under the Kumtor Ambassadors corporate program.

04.04.2019

Kumtor Volunteers Plant Trees Within Grounds of Boarding School #1

Tien Shan spruces have decorated the alley within the grounds of the Bishkek boarding school No.1 named after A. Kanimetov. The trees were planted by employees of KGC Procurement & Logistics during the tree planting event held on March 23.

03.04.2019

passenger transportation services on the Karakol-Barskoon-Karakol route

Kumtor Gold Company invites you to participate in a bid for the provision of passenger transportation services on the Karakol-Barskoon-Karakol route.

27.03.2019

2018 FOURTH QUARTER AND 2018 YEAR-END RESULTS

TV plot about fourth quarter and 2018 year-end results on Public TV/Radio Corporation (OTRK) channel

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