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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.
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.
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