BISHKEK, Kyrgyzstan, August 7. Kyrgyzaltyn, a national enterprise of Kyrgyzstan, sold gold and silver worth 48.27 billion soms ($574.4 million) from January through June 2024, Narimbek Satybaldiyev, Deputy Chairman of the Board of the enterprise, announced at a press conference, Trend reports.
According to Satybaldiyev, these precious metals were sold to the Department of Precious Metals under the Ministry of Finance, the National Bank, and the London Metal Exchange.
He highlighted that, for the first time in Kyrgyzaltyn’s history, the company began independently selling gold and silver bars on the London Metal Exchange (LME) at the highest possible prices, without discounts, starting in April.
Additionally, Satybaldiyev reported that Kyrgyzaltyn's assets reached 95.65 billion soms ($1.1 billion) by mid-2024. During the same period, the company’s revenue was 53.27 billion soms ($633.9 million), and its net profit amounted to 3.46 billion soms ($41.1 million).
Kyrgyzaltyn, founded on October 15, 1992, is Kyrgyzstan’s largest national enterprise, specializing in the development of gold deposits and aimed at consolidating the country's mining industry.