PRESIDENT OF KUMTOR OPERATING COMPANY COMMENTED RESULT OF THE 1ST QUARTER OF 2012

published: 28 August 2012

At present, we are continuing the prestripping to gain access to the southwest section of the pit and we are on schedule to access the ore in mid-September to provide ore for the Kumtor mill, when we will see a return to normal production in the fourth quarter of 2012. We are continuing our mitigation plan to deal with problems arising from the ice and waste movement to allow access to the southeast side of the pit.

However, we hope that we will be able to produce the planned 390-410 ounces by the end of 2012.

Press release on the results of 2nd quarter 2012 refer to the link