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

Компания «Кумтор»

02.12.2019

KGC News Release

A significant waste rock dump failure has occurred at the Kumtor operation.

26.11.2019

Kumtor Team Takes Part in Sales Tournament Organized by International Business Council

On November 21, the International Business Council held the first Sales Tournament among its members.

21.11.2019

OPERATING RESULTS OF THE THIRD QUARTER OF 2019

TV news about OPERATING RESULTS OF THE THIRD QUARTER OF 2019 In Kyrgyz language: In Russian language:

Kumtor Company

14.11.2019

Operating Results of the Third Quarter of 2019

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2019. For the nine months of 2019, KGC produced 451,679 ounces¹ or 14,048.8 kg of gold and contributed more than 10.79 billion soms in taxes and mandatory payments.

01.11.2019

Developing Issyk-Kul: successful business projects supported by Kumtor

TV news about successful business projects supported by Kumtor in Issyk-Kul

01.11.2019

Youth entrepreneurship project

TV news about Kumtor’s Youth entrepreneurship project

29.10.2019

Kumtor is Recognized as One of Central Asia Best Employers

The 7th annual Central Asia HR Brand Award ceremony was held in Almaty on October 24, 2019.

29.10.2019

Issyk-Kul billion: more than 9 thousand loans issued with the support of Kumtor

TV news about Kumtor’s support In Kyrgyz language: In Russian language:

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