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Kumtor remitted $628 million to the state in nine months — double last year's figure

The gold mining company's revenue exceeded one billion dollars for the first time, and net profit over three years has grown more than threefold.

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AK
Anna Kuznetsova
· 2 min read

JSC Kumtor Gold Company remitted $627 million 824 thousand to the state in taxes, dividends, and other mandatory payments for January–September 2026. This more than doubles the figure for the same period last year — $309 million 904 thousand, the company's press service reported.

Kumtor's revenue for the nine months of 2026 totaled $1 billion 12.8 million, adding nearly 38% to the result for the same period in 2025 — $735.8 million. By comparison, revenue for the nine months of 2024 was $579.8 million, and in 2023 it was $558.2 million. Thus, over three years the figure has grown by more than 80%.

Net profit for January–September 2026 reached $548.4 million — 71% higher than a year earlier ($320.2 million). In 2024 for the same period it amounted to $216.6 million, and in 2023 it was $173.2 million.

Kumtor's tax and other mandatory payments for the nine months of 2026 totaled $277.8 million — 74% higher than for the same period in 2025 ($159.9 million). In 2024 the corresponding sum was $114.7 million, and in 2023 it was $124.2 million.

Sources — how we know this

3 independent sources corroborated this

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