On August 8, 2023, "Kumtor Operating Company" received a license for the development of the Togolok deposit. As a result, CJSC "Kumtor Gold Company" began active geological surveys to confirm the reserves.
During these works, drilling was carried out at 40 sites of the deposit with a total length of 9.5 kilometers, resulting in the collection of about 11,000 samples. From the old adit, 608 channel samples weighing a total of 8 tons were extracted and sent for detailed laboratory analysis.
Among the main challenges in the development of the deposit, as noted by specialists, is the insufficient infrastructure. Currently, preparatory work is underway to lay 35 kilometers of power lines from the village of Ak-Shiyrak.
A substation with a capacity of 10 MW is planned to be built at the Sary-Bel site. A technical road has also been developed from the village of Uch-Koshkon to the deposit, and a new bridge is being constructed over the Kaychi River. Modern modular houses and specialized equipment have been acquired for the needs of geologists.
A gold extraction plant with a capacity of 500,000 tons of ore per year will be built at the Sary-Bel site, located 22 kilometers from the deposit. Full-scale mining operations at Togolok will start in 2026. It is expected that the first ore will be extracted in the same year, and the first dore alloy will be smelted in 2027.
In parallel, drilling operations with a total length of over 16,000 meters are being carried out in the promising area of Jangart. The development of the Togolok deposit, planned for 16 years, will occur in two stages.
The total amount of gold production will exceed 16 tons. During the first stage, it is planned to extract 6 tons of gold using open-pit methods over 7–8 years, while during the second stage, more than 10 tons of precious metal will be mined using underground methods.
The projected revenue for the entire development period of the deposit will range from 2 to 2.3 billion US dollars, with net profit expected to be between 600 and 700 million US dollars.
The total capital investment for the entire operational period will be 170–200 million US dollars, while tax contributions to the republican budget are expected to reach about 650–700 million US dollars.
These financial indicators are projected and based on current market prices for gold. As a result of the project implementation, 600 new jobs will be created.
