Chaarat Gold is a gold mining company with exploration and development projects in the prolific Tien Shan Gold Belt, in the Northwest of the Kyrgyz Republic. Chaarat Gold has two high quality development assets, the Tulkubash oxide deposit and the Kyzyltash sulphide deposit, with total combined mineral resources of over 6.3M oz of Au.
Chaarat Gold near term project, Tulkubash, contains gold resources of 1M oz of Au (M&I and Inferred) and is planned to operate as an open pit mine with heap leach processing facility. Kyzyltash, which is on the same license, has gold resources of over 5M oz of Au (M&I and Inferred) and will be an underground sulphide mine.
Chaarat aims to create value for its shareholders, employees and communities from its high quality gold and mineral deposits in the Kyrgyz Republic by building relationships based on trust and operating to the best environmental, social and employment standards.
Over the past 27 years, Kumtor produced 400 tons of gold but only contributed $100 million in dividends.
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