Outlook for 2018

● Gold production in 2018 is expected to be 450,000 to 500,000 ounces, or 14.15 and 15.55 tonnes.

● 2018 total capital expenditures, excluding capitalized stripping, are forecast to be $63 million.

● Growth capital investment for 2018 is forecast at $14 million.

● Capitalized stripping costs are expected to be approximately $122 to $168 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.


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COMPANY NEWS

18.06.2018

Issyk-Kul Region Development Fund Management Visits Kumtor Mine

In early June, 2018, a group of twenty employees of Issyk-Kul Region Development Fund Management paid a familiarization visit to the Kumtor Mine.

18.06.2018

Kumtor Gold Company Rehabilitates Irrigation Infrastructure of Jeti-Oguz Region

Kumtor Gold Company annually allocates funds for rehabilitation of irrigation systems in Jeti-Oguz and Ton regions of Issyk-Kul oblast.

Centerra Gold Inc.

29.05.2018

Centerra Gold Provides Update on Strategic Agreement with the Kyrgyz Republic

TORONTO, CANADA – May 25, 2018 – Centerra Gold Inc.

17.05.2018

OPERATING RESULTS OF THE FIRST QUARTER OF 2018

In the first three months of 2018, KGC produced 100,220 ounces¹ or 3117.19 kg of gold and contributed more than 1.97 billion soms in taxes and mandatory payments.

15.05.2018

Operating Results of the First Quarter of 2018

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the first quarter of 2018. In the first three months of 2018, KGC produced 100,220 ounces¹ or 3117.19 kg of gold and contributed more than 1.97 billion soms in taxes and mandatory payments.

10.05.2018

Kumtor Company Provides Charity to LOVZ Tendik Public Foundation in Balykchy

Members of KGC’s Charity and Sponsorship Committee decided to meet the request of the Balykchi-based LOVZ Tendik Public Foundation.

04.05.2018

Kumtor Ambassadors Help Proctology Department of National Hospital in Bishkek

On April 25, 2018, medical staff of the Proctology Department of the National Hospital received surgical instruments and an air conditioner as a gift from Kumtor Ambassadors.

03.05.2018

Kumtor employees planted orchard at senior center in Kara-Balta

On April 28, 2018, employees of the Kumtor mine and Bishkek office of Kumtor Gold Company once again helped the Senior Center ‘Salamat’ located in Kara-Balta, Jaiyl region, Chui oblast.