Published
06/19/2026, 12:42Kyrgyzaltyn’s reserves reached 13.67 billion KGS at the end of 2025, more than tripling compared to 2024, when they stood at 4.03 billion KGS. These figures are contained in the company’s financial statements.
Precious metals accounted for the bulk of the increase. The value of refined gold reserves nearly quadrupled over the year—from 2.27 billion KGS to 8.83 billion KGS. In addition, the line item “Dore Alloy” appeared in the financial statements for the first time, with reserves valued at 4.74 billion KGS.
At the same time, refined silver reserves declined sharply. While they were valued at 1.27 billion KGS at the end of 2024, they amounted to only 82.2 million KGS at the end of 2025.
At the same time, the company has virtually eliminated its inventory of work in progress at the refining stage. Its value fell from 1.55 billion to 184,000 KGS. Furthermore, industrial waste—which had been valued at 207.5 million KGS a year earlier—is no longer reflected in the financial statements.
By comparison, at the end of 2023, Kyrgyzaltyn’s total inventory amounted to just 2.08 billion KGS. Thus, over the course of two years, the company’s inventory has increased more than sixfold.
