Financial and operational performance
For the six months ending June 30, 2025, NMMC recorded gold production worth 60.8 trillion UZS (approximately $4.7 billion), representing a 101.4% increase compared to the same period in 2024. Gold output also edged higher, reaching 1,537.6 thousand troy ounces, up from 1,516.8 thousand ounces in H1 2024.
The company invested $219.5 million in capital expenditures during the reporting period and created 1,190 new jobs. Optimization efforts yielded cost savings of 1.8 billion UZS ($139.6 million), while the company's localization program contributed to domestic production of supplies worth 757.5 billion UZS ($58.8 million). In addition, supplies valued at 3.6 trillion UZS ($279.3 million) were procured through the company's inter-sectoral industrial cooperation program.
Key projects and expansion initiatives
NMMC continues to expand and modernize its operations through a range of strategic capital projects:
- Muruntau mine development (Phase V, Stage 2): Feasibility studies were completed to increase annual ore delivery to 60 million tons from the Muruntau mine to Processing Plant №2. Muruntau-Myutenbay remains the world’s largest open-pit gold deposit with over 101 million ounces in resources.
- Processing plant №7 expansion: Part of the company’s 2030 Sustainable Development Program, this project will increase tailings processing capacity by 26 million tons, integrate modern technologies, and enhance energy efficiency.
- Kokpatas and Daugyztau mining project (Phase III): This project aims to supply 10 million tons of ore annually to Processing Plant №3.
- Zarmitan mine shaft commissioning: A new 1,000-meter vertical skip shaft – 6.5 meters in diameter – has been brought into service at the Zarmitan deposit. It will allow the extraction of 1.4 million tons of ore annually and serve multiple operational functions, including ventilation, dewatering, and personnel transport.
