Outlook for 2017

● Gold production in 2017 is expected to be 525,000 to 555,000 ounces, or 16.33 and 17.26 tonnes.

● 2017 total capital expenditures, excluding capitalized stripping, are forecast to be $96 million.

● Growth capital investment for 2017 is forecast at $28 million.

● Capitalized stripping costs are expected to be approximately $234 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

20.02.2018

Kumtor Gold Company Provided Humanitarian Aid to Needy Communities

Last week Kumtor Gold Company provided charity support to three communities of Issyk-Kul and Chui oblasts. The Company employees delivered more than three hundred food gift baskets to the amount exceeding 180,000 soms to the aid recipients.

06.02.2018

Concert at the height

Presidential chamber orchestra gave a concert at the Kumtor mine site (In Russian)

31.01.2018

Kumtor Gold Company and ‘One Village One Product’ Association Announce Opening of New Production Facility

The grand opening of the felt production facility took place in Kara-Koo village of Ton region on January 24, 2018.

30.01.2018

Mini-Football Field Opens in Kadji-Sai

The grand opening of a mini-football field took place in Kadji-Sai village of Ton District, Issyk-Kul Region, on January 24, 2018.

27.12.2017

Employees of Medical and Engineering Departments Sponsored Children’s Chess Tournament

The Ambassadors of Kumtor of KGC’s Medial and Engineering Departments jointly sponsored a children’s chess tournament in December 2017 in support of the educational program of the Public Foundation “Defense of Orphans’ Rights” implemented on the base of American University in Central Asia (AUCA).

27.12.2017

The Kumtor Ambassadors Provide Aid to Needy Families in Balykchi

Employees of Kumtor Gold Company’s Balykchi Marshalling Yard have provided aid to needy families and the Bagyt Crisis Center in the city of Balykchi Issyk-Kul province.

22.12.2017

Employees of KGC’s Mine Engineering Department Provided Aid to Disabled Children and Needy Families

Another charity event has been carried out by employees of KGC’s Mine Engineering Department as part of the program called “Kumtor Ambassadors “.

18.12.2017