JSC “KazakhaltynGold”, one of the largest gold mining companies in Kazakhstan, plans to increase its gold production by 10% in 2024. This was announced by the company’s management during a meeting with investors.
According to the company’s report, in 2023, JINB KazakhaltynGold produced 12.6 tons of gold, which is 5% more than in the previous year. The company’s revenue for 2023 amounted to 134 billion tenge (approximately $320 million USD), an increase of 15% compared to 2022.
The company’s management attributes the growth in production and revenue to the successful implementation of its investment program, which included the modernization of existing facilities and the development of new deposits.
In 2024, Kazakhaltyn plans to produce 13.8 tons of gold, which is 10% more than in the previous year. The company also plans to increase its revenue by 12% to 150 billion tenge (approximately $360 million USD).
To achieve these goals, the company will continue to implement its investment program, which includes the development of new deposits, the modernization of existing facilities, and the introduction of new technologies.
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