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
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
28.08.2019
TV plot about Cancer Care Support Fund
TV report about 10 million dollars payment for Cancer Care Support Fund according to Strategic Agreement between Centerra Gold and Kyrgyz Government. Details in report.
16.08.2019
Film “Kumtor Family Day”
Film “Kumtor Family Day” The fun holiday “Kumtor Family Day” was held in Balykchi on Issyk-Kul in the midst of the holiday season.
09.08.2019
Centerra Gold Announces Satisfaction of Conditions to Completing Strategic Agreement with the Government of the Kyrgyz Republic
TORONTO, CANADA – August 7, 2019 – Centerra Gold Inc. (“Centerra”) (TSX: CG) announced that all conditions precedent to the completion of the Strategic Agreement entered into with the Kyrgyz Republic Government on September 11, 2017 have been satisfied or waived and all parties have therefore acknowledged that the First Completion Date (as defined in the Strategic Agreement) has occurred.
07.08.2019
OPERATING RESULTS OF THE SECOND QUARTER OF 2019
For the first six months of 2019, KGC produced 301,373 ounces or 9,373.76 kg of gold and contributed more than 4.22 billion soms in taxes and mandatory payments. More information on TV news video
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