According to the company, capital investments for the entire duration of the deposit's operation will be around $170-200 million. Taxes that will be transferred to the republican budget will amount to approximately $650-700 million. CJSC noted that the mentioned financial forecasts are based on current market prices for gold, and 600 jobs will be created.
The license for the development of Togolok was obtained in August 2023, after which active geological studies began to confirm the reserves. These works are being carried out with the financial support of CJSC "Kumtor Gold Company."
Currently, preparatory work is underway to lay 35-kilometer power lines from the village of Ak-Shiyrak. In the Sary-Bel area, the construction of a 10-megawatt substation and a gold extraction plant with a capacity of 500,000 tons of ore per year is planned.
It is also planned to build a technical road from the village of Uch-Koshkon to the deposit and a new bridge over the Kaychi River.
Full-scale mining operations at Togolok are expected to begin this year. The first ore is planned to be extracted in 2026, and the first doré alloy will be produced in 2027.
The project for the development of the deposit is designed for 16 years and will be implemented in two phases. A total of more than 16 tons of gold is planned to be extracted:
- in the first phase — 6 tons of gold through open-pit mining over seven to eight years;
- in the second phase — over 10 tons of precious metal through underground mining.
