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.