This decision was made to enable Kumtor Gold Company to make prompt decisions regarding Kumtor Operating Company, which is currently developing Togolok gold deposit and conducting geological exploration at Dzhangartskaya area.

It should be noted that previously, Kyrgyzaltyn OJSC was the sole shareholder of Kumtor Operating Company CJSC.

The Togolok gold deposit, discovered in 1978, is located in a remote, high-mountain area in Jeti-Oguz district of Issyk-Kul region. The nearest settlements to the Togolok deposit are Uch-Koshkon and Ak-Shiyrak. The distance from Bishkek to the Togolok deposit is 560 kilometers.

Full-scale mining operations began at Togolok this year. The first ore is expected to be extracted in 2026. Concurrently, drilling is underway at the promising Dzhangartskaya area, totaling over 16,000 meters.

Development of the Togolok deposit, planned for 10-15 years, will be carried out in two stages. According to the protocol, 19,928.5 kilograms of gold have been recorded on the balance sheet of the State Commission on Mineral Reserves of the Kyrgyz Republic.