Chairman of the Cabinet of Ministers Akylbek Japarov visited the Kumtor mine. The head of the cabinet visited the central quarry and familiarized himself with the working process at the gold extraction plant and the workshop for repairing heavy mining equipment, as well as the functioning algorithm of the new fueling complex.
The President of Kumtor Gold Company, Almazbek Baryktabasov, noted that active work is currently underway at the mine to implement a project for underground gold mining. This will allow for the extraction of approximately 115 tons of precious metal. There are also plans to start implementing a project to extract gold from the depleted ore located in the mine's tailings facility.
Almazbek Baryktabasov stated, "According to preliminary estimates, this will allow for the extraction of an additional 120 tons of gold. Additionally, work is being carried out on the development of the Togolok gold deposit with a reserve of over 17 tons of precious metal and the geological exploration of the promising Jangart area, located 200 kilometers from the Kumtor mine."
The head of the cabinet emphasized the importance of the uninterrupted operation of the mine and the fulfillment of all planned objectives. He mentioned, "Over the past two years, the enterprise has taken a big step forward in terms of automating all processes. For example, only after the implementation of an automated accounting system at the fueling complex last year, significant financial savings were achieved. At the same time, work is being done to gradually increase the share of local suppliers in the overall volume of company purchases. All these steps are aimed at ensuring that the mine operates in the interests of our people and the state."
In 2023, the company produced 13,567 kilograms of gold. An amount of 17.2 billion soms was paid to the republic's budget in the form of taxes, social contributions, and other payments. Furthermore, it is planned to pay over $151 million in dividends by the end of last year.
