First of all, it should be noted that this is the largest highaltitude gold deposit, located in the north of the country in the Issyk Kul Province and is 100% owned by the Canadian gold mining company Centerra Gold Currently, Kyrgyzstan holds a 33% stake.
The following tables shows the latest gold price in kyrgyzstan calculated in Kyrgyzstani som (KGS) and updated regularly. The prices are sometimes updated more frequently at times of strong price moves based on live spot gold price (Bid Price).
Ultimately, the Centerra Gold controversy in Kyrgyzstan has proceeded in lockstep with the declining image of the countrys mining industry.
Kumtor gold mine in the Tian Shan mountains, 350km southeast of Kyrgyzstans capital, Bishkek. Kumtor is the largest openpit mine in Central Asia. Photograph Vyacheslav Oseledko/AFP/Getty
The Kumtor gold mine (Kyrgyz , IPA ; Russian ) is an openpit gold mining site in IssykKul Region of Kyrgyzstan located about 350 km (220 mi) southeast of the capital Bishkek and 80 km (50 mi) south of Lake IssykKul near the border with China.
In a good year the Kumtor mine accounts for 12% of Kyrgyzstans GDP and half of its exports, while contributing nearly a tenth of the national budget.
Centerra Gold, a Torontobased Canadian company, appears in the news regarding its troubles in Kyrgyzstan and its operations at the Kumtor gold mine.
largest gold deposit project managed by a Western company in Central Asia; produced 17,66 tons of gold (2010), plans are to further expand operations; generates appr. 10 per cent of Kyrgyzstans GDP , but also significant environmental and social threats; the Kyrgyz Republic now owns 33 per cent of Centerra Gold Inc.
Gold Mining in the Kyrgyz Republic Mines dating back to ancient times have been found in the Kyrgyz Republic. Mining is the largest industry in the Republic, with the gold industry contributing half of industrial output and 60% of export revenues.
A Russian company has won a tender for the rights to develop Jerui, Kyrgyzstan's secondlargest gold deposit, leading to criticisms that the deal goes against the Central Asian country's interests.