BISHKEK, Kyrgyzstan, October 19. The net profit of the Kumtor mine in Kyrgyzstan amounted to $371 million in 2022, Kyrgyzstan's President, Sadyr Japarov, said during the celebratory ceremony marking the 30th anniversary of Kumtor Gold Company Ltd., Trend reports.
He added that in 2022, 17.3 tons of gold were extracted from the Kumtor gold mine, with tax and mandatory payments totaling 32.2 billion soms ($360 million).
He emphasized that Kumtor is currently operating continuously, diligently meeting its set objectives, and consistently pursuing its strategic goals for the further development of the deposit.
President Japarov stated that the return of Kumtor to Kyrgyzstan marks the beginning of renewal in the country, signifying the first phase of development and change.
Until 2021, this deposit was owned by Canadian investors, but the Kyrgyz authorities decided to nationalize it due to the failure of foreign partners to comply with environmental requirements.
The President said that Kumtor has not only injected fresh life into the Kyrgyz economy but also resolved disputes over the project, positively impacting Kyrgyzstan's appeal for international investments.
The Kumtor gold mine is one of the largest in Central Asia. Kumtor Gold Company operates the Kumtor mine and is responsible for the entire production cycle.
