The Kyrgyz government, under the leadership of Prime Minister Akylbek Japarov, has signed a resolution (No. 117, dated March 15, 2024) approving a revised contract for the sale of gold and silver between Kumtor Gold Company, Kyrgyzaltyn, and the government. The decision aims to ensure the uninterrupted and efficient operation of the Kumtor mine following Centerra Gold Inc.’s exit from the Kumtor project. The approved resolution includes provisions for the revised contract, rendering previous agreements obsolete. Additionally, the resolution advises relevant entities such as Kumtor Gold Company, Kumtor Operating Company, Kyrgyzaltyn, and the National Bank of the Kyrgyz Republic to take necessary actions as per the resolution. Ministries and administrative bodies are instructed to organize and execute tasks in line with the resolution. The administration of the Kyrgyz President will oversee the implementation of the resolution, which comes into effect immediately upon signing and will be officially published.
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