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

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:

29.10.2019

Kumtor Grants in Action

TV news about Kumtor grants In Kyrgyz language: In Russian language:

29.10.2019

discussion of the contribution of Kumtor to the development of the country

TV news about discussion of the contribution of Kumtor to the development of the country with local authorities and civil activists in Issyk-Kul region In Kyrgyz language: In Russian language:

29.10.2019

Kumtor helped in the acquisition of medical equipment

TV news how Kumtor helped in the acquisition of medical equipment in Issyk-Kul region

News & Publications         Video