The open joint-stock company Kyrgyzaltyn reviewed and approved the report of the closed joint-stock company Kumtor Gold Company on the results of its activities for 2024.

Kumtor Gold Company Chairman of the Board Buzurman Subanov said that the income from gold sales amounted to $989.1 million against the planned $739.3 million.

“Last year at the Kumtor mine, the volume of mining operations reached 189.1 million tons against the plan of 180.3 million tons. We produced 12,552 kilograms of gold, exceeding the target of 12,509 kilograms,” Subanov said.

In addition, the company paid $184.8 million or 16.1 billion soms in taxes and mandatory payments to the budget. This is $73 million more than the planned $177.5 million.

And the net profit of the company amounted to $397.4 million, which is more than twice as much as the plan of $186.8 million.

Kyrgyzaltyn Chairman of the Board Kubat Abdraimov, speaking at the meeting, emphasized the need to mobilize efforts to implement new projects in 2025. Priority areas include underground mining at Kumtor mine, development of Togolok deposit and continuation of exploration works at Dzhangarta area. It is also planned to start processing of waste tailings to extract gold.

Abdraimov separately noted the importance of ensuring safety at the mine.

“It is necessary to strengthen control, conduct additional training of employees and inspections of all structural units,” he concluded.