Kumtor Operating Company Reports the Resumption of Milling Activities at its Kumtor Mine Site

published: 18 September 2012

The gold mill resumed operation at the Kumtor Mine site September 18, 2012. Ore processing was suspended on the 23rd July 2012 following depletion of the low-grade surface stockpile material, as outlined in the March 2012 revised mine plan. The period during which the mill was not in operation was used to carry out planned and unplanned mill maintenance across all sections of the mill.

The Company is now mining ore from the southwest portion of the open pit as per the schedule of the March 2012 revised mine plan, and expects to produce between 260,000 and 270,000 ounces or 8.1 to 8.4 tonnes of gold in the fourth quarter of 2012. Achieving the projected gold production is dependent upon no unplanned delays in or interruption of the scheduled production, including labor disruptions, civil unrest, natural phenomena, regulatory or political disputes, governmental actions, equipment breakdown or other development and operational risks.

Kumtor Gold Company provides jobs for over 3000 people.

99 percent of the Company full-time employees are Kyrgyz citizens, and this proportion is ever growing as the result of foreign managerial personnel being gradually replaced by national employees.

WORKFORCE

As of 31.11.2024, according to the HR management system, the Kumtor Gold Company has

3 419

Full-time
employees

14

Expatriate specialists

3 405

Citizens of the Kyrgyz Republic