Kyrgyz Kumtor Exceeds Revenue And Profit Targets In 10M2025
Data from Kumtor reveals that production revenue reached 80 billion soms ($880 million equivalent at 1 KGS = 0.011 USD), compared with the target of 55.1 billion soms ($606,000,000), blowing the forecast out of the water by about 45 percent.
Net profit also significantly outperformed projections, amounting to 36.9 billion soms ($405 million), compared with the target of 13.3 billion soms ($147 million), marking an increase of approximately 176 percent above expectations.
Taxes and mandatory payments to the Kyrgyz Republic budget totaled 16.2 billion soms ($179 million), slightly higher than the planned 14.04 billion soms ($154 million). Dividends paid in 2025 based on 2024 results reached nearly 13.04 billion soms ($143 million), above the expected 12.9 billion soms ($142 million).
Kyrgyzstan possesses significant gold potential, with officially recognized state reserves over 1,000 tons and total potential assessed by geologists at over 4,000 tons. Gold mining constitutes a fundamental component of the nation's economy, representing a substantial share of its GDP and exports.
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