Published
04/01/2026, 16:13According to Buzurman Subanov, Chairman of the Board of Kumtor Gold Company, 12,081 kilograms of gold were mined at the deposit during the reporting period. The company’s net profit exceeded $706 million.
$246.5 million was transferred to the budget in the form of taxes and compulsory payments, with a further $300 million allocated to dividend payments.
During the annual general meeting of shareholders, Kubat Abdraimov, Chairman of the Board of Kyrgyzaltyn, announced the need to prepare for the implementation of a project to process tailings from the tailings pond. According to him, this involves extracting gold from the tailings, estimated to amount to more than 121 tonnes, as well as improving the environmental situation.
In addition, the company will continue to develop underground mining projects and the development of the Togolok deposit. It is expected that the first ore will be extracted there as early as 2026, and production of the first doré ingot will begin in 2027.
Abdraimov also emphasised the need to strengthen industrial safety at the Kumtor mine and to develop human resources, including staff training and the conduct of additional inspections.
Following the shareholders’ meeting, the 2025 annual report of Kumtor Gold Company CJSC was approved. Kyrgyzaltyn is the sole shareholder of the company and holds 100% of its shares.
