NMMC gold production dips by 2.2% despite record revenue in first quarter

According to the state enterprise’s official report, gold production for the period totaled 737,000 troy ounces, representing a 2.19% decrease compared to the 753,500 ounces produced during the same timeframe in 2025.

Despite the marginal drop in volume, the total value of the output saw a remarkable increase of 58.3%. Production value climbed from UZS 27.79 trillion in the first quarter of the previous year to UZS 44 trillion in 2026. This financial growth occurred alongside a robust employment drive, with the combinat creating 891 new jobs – a 27.8% increase in hiring. Under its investment program, NMMC utilized $110.5 million in capital, though this figure was 6.6% lower than the previous year.

The company also reported progress in its localization and industrial cooperation efforts. Products worth UZS 353.4 billion were manufactured under the localization program, while intersectoral industrial cooperation led to the purchase of goods totaling UZS 2 trillion, marking a 16.5% rise.

On the technical front, NMMC is moving forward with several large-scale investment projects. At the Muruntau mine, the second stage of the fifth phase of operations has officially commenced. Between January and March, more than 48.6 million cubic meters of rock mass were extracted, and work began on the construction of conveyor lines for the mine's cyclic–flow technology system.

Further developments are underway at Hydrometallurgical Plant No. 3 (HMP-3), where a new grinding mill was launched in January with a processing capacity of 700,000 tons of gold-bearing ore per year. Meanwhile, the expansion of Hydrometallurgical Plant No. 7 continues, with the construction of a desorption unit and engineering networks. Once fully operational, the plant’s annual capacity is expected to reach 25 million tons.

At Hydrometallurgical Plant No. 2, modernization efforts are ongoing to increase processing volumes. Current work includes the expansion of the grinding shop, the installation of a new mill block, and the addition of 30 sorption units to enhance production efficiency.