Navoi Mining & Metallurgical Company (NMMC), the world’s fourth largest gold producer, today announces operational results for the six months ended June 30, 2025 (“H1 2025” or “the period”).

H1 2025 Highlights

Total gold production value of 60.8 trillion soums (US$4.7 billion[1]), a 101.4% increase from H1 2024.
Total gold production of 1,537.6 thousand troy ounces, up from 1,516.8 thousand troy ounces in H1 2024.
Capital expenditure of US$219.5 million for the Company’s investment program during the period.
1,190 new jobs created.
Production optimization efforts in H1 2025 yielded cost savings of 1.8 billion soums (US$139,6 million¹)
The Company’s localization program resulted in the domestic production of supplies in the amount of 757.5 billion soums (US$58.8 million¹).
Over 3.6 trillion soums (US$279.3 million¹) of supplies were purchased via the Company’s inter-sectoral industrial cooperation program.

[1] Calculated using the average Central Bank of Uzbekistan exchange rate for the period (1 USD – 12,892.91 soums).

PRESS RELEASE

The Press Service of the Company