Kyrgyzaltyn
Founded
n/a
Headquarters
Bishkek, Kyrgyzstan
Ticker
n/a
Sector
Mining
Stock performance
This company has no listed ticker in our data, so there is no price chart.
History
Kyrgyzaltyn is the state-owned gold company of Kyrgyzstan, created after independence to hold the state's interests in the gold sector. For years it was a minority shareholder in Kumtor, before becoming its full owner in 2022.
Business model
Kyrgyzaltyn owns and develops gold deposits, including Kumtor, participates in joint ventures with foreign miners, and sells gold, including to the central bank as part of its reserves.
Market position
Kyrgyzaltyn is the dominant state player in Kyrgyzstan's gold industry.
Country impact
Gold is Kyrgyzstan's most important export, and Kyrgyzaltyn's takeover of Kumtor gave the state direct control over the bulk of national gold output and revenue.