Bishkek, March 13, 2026 /Kabar/. Kumtor Gold Company has disclosed data on its gold production and its cost.
Recently, some individuals have begun actively asserting that production at Kumtor site has declined and the cost of gold extracted has increased. In response, the company has decided to provide clarification.
"Mining conditions at the Kumtor mine have recently become more difficult, which complicates gold extraction.
Furthermore, the increase in the cost of gold production is related to the well-known geopolitical events of recent years, which have led to a 50% increase in fuel and lubricant prices and a 70% increase in reagents and chemicals.
Due to the increased complexity of logistics and a 106.4% increase in transportation costs, the cost of spare parts for heavy mining and auxiliary equipment has increased by 30%. "Where previously cargo that took three weeks to arrive now takes three months," Kumtor Gold Company noted.
It is also reported that the cost of electricity supplied to the mine has increased by 92% in recent years.
"Taking into account all these factors, the cost of gold in 2025 (including all expenses, taxes, and other deductions) was $1,884 per ounce. A total of 388,418 ounces, or 12,081 kg, of gold were produced last year.
The minimum realized gold price at the beginning of 2025 was $2,882.70, while the maximum was $4,612.95 at the end of the year. The average realized price was $3,711.
The company's revenue for 2025 was $1,434.6 million, with net profit of $706,081,000. Taxes and other payments totaled $246,507,000," the company reported.