Recently, some individuals have begun to claim a decrease in production volumes at Kumtor and an increase in the cost of gold production.
In response, "Kumtor Gold Company" emphasized the importance of clarifying information about the gold mined in 2025, as well as its production costs and other key aspects of its operational and financial activities.
The challenges in mining conditions at the Kumtor mine have significantly increased, complicating the gold extraction process.
Additionally, the rise in the cost of mined gold is attributed to geopolitical events in recent years, which have led to increases in prices for:
— Fuel — by 50%
— Reagents and chemicals — by 70%.
With transportation costs rising by 106.4% and logistics becoming more complex, the cost of spare parts for heavy mining equipment has increased by 30%. If previously cargo was delivered in three weeks, this timeframe has now extended to three months. Furthermore, in recent years, the price of electricity used at the mine has risen by 92%.
Considering all these factors, the cost of gold in 2025 (including all expenses, taxes, and other deductions) amounted to $1,884 per ounce. In total, 388,418 ounces were mined over the past year, which is equivalent to 12,081 kg of gold.
The minimum selling price of gold at the beginning of 2025 was $2,882.7, while the maximum price at the end of the year reached $4,612.95, and the average selling price was $3,711.
The total revenue of the company for 2025 amounted to $1 billion 434.6 million, while the net profit was $706 million 81 thousand.
As taxes and other payments, $246 million 507 thousand were paid.
The challenges in mining conditions at the Kumtor mine have significantly increased, complicating the gold extraction process.
Additionally, the rise in the cost of mined gold is attributed to geopolitical events in recent years, which have led to increases in prices for:
— Fuel — by 50%
— Reagents and chemicals — by 70%.
With transportation costs rising by 106.4% and logistics becoming more complex, the cost of spare parts for heavy mining equipment has increased by 30%. If previously cargo was delivered in three weeks, this timeframe has now extended to three months. Furthermore, in recent years, the price of electricity used at the mine has risen by 92%.
Considering all these factors, the cost of gold in 2025 (including all expenses, taxes, and other deductions) amounted to $1,884 per ounce. In total, 388,418 ounces were mined over the past year, which is equivalent to 12,081 kg of gold.
The minimum selling price of gold at the beginning of 2025 was $2,882.7, while the maximum price at the end of the year reached $4,612.95, and the average selling price was $3,711.
The total revenue of the company for 2025 amounted to $1 billion 434.6 million, while the net profit was $706 million 81 thousand.
As taxes and other payments, $246 million 507 thousand were paid.
The record "Kumtor Gold Company" reported on the cost of mined gold first appeared on the K-News website.
