A CEREMONY WAS HELD AT THE KUMTOR MINE TO LAUNCH THE UNDERGROUND ORE MINING PROJECT

published: 27 August 2025

Sadyr Japarov, President of the Kyrgyz Republic, took part in the official ceremony launching the underground gold mining project at the Kumtor Mine. The Head of State highlighted the importance of this project, not only for strengthening the national economy but also for ensuring environmental sustainability.

“The underground gold mining project is set to operate for 17 years, with geological reserves of 147 tons of gold officially added to the national balance. Most importantly, the underground gold mining project excludes excessive excavation of waste rock. The launch of this project is the most important step toward preserving the environment and our glaciers, which have survived to this day,” he emphasized.

Sadyr Japarov also added that the Kumtor Mine will continue the open pit mining from previously developed pits, along with the underground mining. He expressed confidence that the Kumtor Deposit has a promising future, with its life of mine expected to continue for another 40 to 50 years in the best interests of the country and the people.

During his visit to the Mine, President of the Kyrgyz Republic Sadyr Japarov had a tour to the Central Pit and familiarized himself with the operations of the Company’s structural divisions. In addition, the Head of State was introduced to a range of projects that are currently underway. These include the Togolok gold ore deposit development, the geological exploration of the Jangart area, the modernization of the Balykchy Marshalling Yard, and the recycling of heavy-duty machinery waste tires.

For reference: the Company’s total revenue from May 2021, when Temporary External Management was introduced, to December 2024 amounted to USD 3.4454 billion. The Company’s net profit for the said period amounted to USD 1 billion 233 million, and for the first half of 2025 – KgS 13.3 billion. A total of USD 891.6 million has been transferred to the state budget in the form of taxes and other payments. USD 441 million were paid in the form of dividends.

From May 2021 to December 2024, Kumtor Mine produced more than 54 tons of gold.

*Photos: Administration of the President of the Kyrgyz Republic