The Board of Directors of Kumtor Gold Company Closed Joint Stock Company recently convened at the Kumtor mine to review the company’s performance for 2024 and outline future objectives.
During the meeting, Bolotbek Idirisov, Chairman of the Board, highlighted that since May 2021, the introduction of external management and subsequent transfer of the Kumtor mine into the Kyrgyz Republic’s ownership has resulted in the production of over 54 tonnes of gold. He announced, “Net income for this period totalled more than US$1.2 billion. Between May 2021 and December last year, US$891.6 million was paid to the Kyrgyz Republic in taxes and other payments to the state budget. Now we are facing no less ambitious tasks, on the fulfilment of which we will work together.”
The meeting also involved reports from the heads of various departments, including the mine, gold recovery plant, and other structural divisions. Board members conducted a thorough inspection of the mine’s operations, visiting open pits, underground mining projects, heavy mining equipment repair workshops, the gold extraction plant, fuel and refuelling complex, treatment facilities, and the tailings pond.
As Kumtor continues to set ambitious goals, the company remains committed to maintaining its strong performance and contributing significantly to the Kyrgyz Republic’s economy.
