Gold Output Rises as NGMK Adds Over 2 Tons
Uzbekistan
Navoi Mining and Metallurgical Company (NGMK) increased its gold production by 2.1% in 2025, raising output from 3.09 million to 3.15 million troy ounces, or from 96.14 to 98.18 metric tons.
The total value of production reached 135.6 trillion soums (approximately $11.3 billion), marking a 44.7% increase year-on-year. Based on the reported figures, the average price per troy ounce exceeded 43 million soums, or about $3,580 at the Central Bank’s official year-end exchange rate.
Under its investment program, NGMK utilized $561 million, nearly 29% less than in 2024. Despite lower investment volumes, the number of new jobs created rose nearly fourfold to more than 2,600.
Output under the localization program increased by 45.6% to 1.4 trillion soums, while procurement through industrial cooperation grew by 17.7%, reaching 7.3 trillion soums.
By the end of 2024, NGMK completed the first stage of Phase V of the Muruntau open-pit mining project. The $734 million project included the installation of mining equipment and the construction of power, rail and conveyor infrastructure.
Under its investment program, NGMK utilized $561 million, nearly 29% less than in 2024. Despite lower investment volumes, the number of new jobs created rose nearly fourfold to more than 2,600.
Output under the localization program increased by 45.6% to 1.4 trillion soums, while procurement through industrial cooperation grew by 17.7%, reaching 7.3 trillion soums.
By the end of 2024, NGMK completed the first stage of Phase V of the Muruntau open-pit mining project. The $734 million project included the installation of mining equipment and the construction of power, rail and conveyor infrastructure.
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