| Vacancy | Buisnes-partners | Site HELP | Kyrgyzstan | About Us | Our Services |
RSS
RUS|Old version
Moscow time 03:26
TODAY NEWS:  

Homepage
ARCHIVE
««
«
March 2017
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
 

FINANCES
SOCIETY
SOCIETY
EEU
POWER
FINANCES
ECONOMICS
POWER
POWER
POWER
ECONOMICS
SOCIETY
SOCIETY
ECONOMICS A [-] размер текста [+] A



SECTION NEWS

More than 17 tonnes of gold produced at Kumtor in 2016

23/01/17 07:49, Bishkek – 24.kg news agency, by Anton LYMAR

At least 550,960 ounces or 17, 136.78 tonnes of gold have been produced at Kumtor mine

located in Issyk-Kul region of Kyrgyzstan in 2016. Centerra Gold Inc. reported.

As noted, Kumtor mine exceeded the mid-point (540,000 ounces) of Centerra's favourably revised gold production outlook issued after last year's third quarter.

2017 gold production


Kumtor's production forecast is expected to be in the range of 455,000 ounces to 505,000 ounces with 30% of the production expected to be in the fourth quarter.

At Kumtor, 2017 total capital expenditures, excluding capitalized stripping, are forecast to be $96 million. Spending on sustaining capital of $68 million relates primarily to major overhauls and replacements of the heavy duty mine equipment ($58 million), major overhauls and replacements of mill equipment ($3 million) and other items ($7 million).

Growth capital investment at Kumtor for 2017 is forecast at $28 million and includes:

  • relocation of certain infrastructure at Kumtor related to the life-of-mine expansion plan amounting to $9 million,
  • tailings dam construction ($11 million),
  • purchase of new mining equipment ($4 million),
  • dewatering projects ($2 million),
  • other items ($2 million).

The tailings dam construction in 2017 is the first such construction required to contain the additional 3.6 million ounces of gold reserves that resulted from the KS-13 pit expansion.

As such, it is classified as growth capital. This initial raise is the start of a 3-year program that will not be completed until 2019 (total estimated cost of $32 million).

All tailings dam construction prior to 2017 was related to containing tailings that were generated from the approved ore reserve prior to approval of the KS13 pit expansion.

The cash component of capitalized stripping costs related to the development of the open pit is expected to be $172 million of the $234 million total capitalized stripping in 2017.

 Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia, and other markets worldwide. Centerra is the largest Western-based gold producer in Central Asia. 


URL: http://eng.24.kg/parliament/170914-news24.html
printable version
        Нравится  

RELATED MATERIALS
27/01-2017 / Economics
30/12-2016 / Power
30/12-2016 / Economics
11/12-2016 / Power
26/01-2015 / Society
08/10-2014 / Society
03/09-2014 / Society
15/07-2014 / Glance
17/06-2014 / Parliament
12/06-2014 / Economics
11/06-2014 / Parliament
10/06-2014 / Society
10/06-2014 / Economics
09/06-2014 / Parliament
09/06-2014 / Parliament


Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


GLANCE
CROSSROADS
QUOTES

«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
DIGEST










counters
Яндекс.Метрика
© "24.kg" News Agency. All rights reserved. All information on this web-site is intended for personal use only and is not a subject to be copied and/or transmitted in any other form other than in reference to the "24.kg" News Agency.