Kyrgyzaltyn estimates reserves of three previously unprofitable mines

14:52, 01 августа 2024, Bishkek - 24.kg news agency , Ilya PETCHENKO

Kyrgyzaltyn OJSC sees potential in mining 15 tons of gold due to the growth of world prices for the precious metal. The company’s Deputy Chairman of the Board Narynbek Satybaldiev announced at a press conference.

According to him, the current trend of growth in world gold prices allows the company to reassess the economic feasibility of mining previously unprofitable ores and secondary processing of waste tailings at Makmal, Solton-Sary and Tereksai sites.

«We are talking about the total potential at these sites of at least 15 tons of gold to date. Previously, it was unprofitable to mine them, but now we see that it is economically profitable,» Narynbek Satybaldiev said.