{"id":12294,"date":"2025-11-05T13:17:51","date_gmt":"2025-11-05T08:17:51","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/two-uzbek-mines-are-among-the-top-10-gold-miners-in-the-world\/"},"modified":"2025-11-05T13:17:51","modified_gmt":"2025-11-05T08:17:51","slug":"two-uzbek-mines-are-among-the-top-10-gold-miners-in-the-world","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/two-uzbek-mines-are-among-the-top-10-gold-miners-in-the-world\/","title":{"rendered":"Two Uzbek mines are among the top 10 gold miners in the world"},"content":{"rendered":"<h3>Why is this important<\/h3>\n<p>Muruntau is the world&#8217;s second-largest gold producer, while Almalyk is among the top five. Two of the five largest mines are the concentration of world production. NMMC earned $1.5 billion in half a year, AMMC \u2014 $694 million in 9 months \u2014 gold brings billions to the budget, supports the sum, and finances development.  <\/p>\n<h3>What happened<\/h3>\n<ul>\n<li>Muruntau produced 2.68 million ounces in 2024 \u2014 second place in the world;<\/li>\n<li>Almalyk \u2014 1.1 million ounces;<\/li>\n<li>Two of the world&#8217;s five largest mines are located in Uzbekistan;<\/li>\n<li>NMMC: $1.5 billion in profit for the first half of 2025;<\/li>\n<li>AMMC: $694 million for 9 months.<\/li>\n<\/ul>\n<h3>Muruntau<\/h3>\n<ul>\n<li><strong>Production in 2024:<\/strong> 2.68 million ounces (83.4 tons).<\/li>\n<li><strong>Place in the world:<\/strong> second after Nevada (USA) with 2.7 million ounces.<\/li>\n<li><strong>Location:<\/strong> Navoi region, Kyzylkum Desert.<\/li>\n<li><strong>Feature:<\/strong> The world&#8217;s largest quarry with a depth of 600+ meters, visible from space.<\/li>\n<li><strong>Owner:<\/strong> Navoi Mining and Metallurgical Company.<\/li>\n<li><strong>NMMC&#8217;s profit:<\/strong> $1.5 billion in the first half of 2025 is the result of high gold prices ($2500+ per ounce) and large production volumes.<\/li>\n<\/ul>\n<h3>Almalyk<\/h3>\n<ul>\n<li><strong>Production in 2024:<\/strong> 1.1 million ounces (34.2 tons).<\/li>\n<li><strong>Place in the world:<\/strong> top-5<\/li>\n<li><strong>Location: <\/strong>Tashkent region.<\/li>\n<li><strong>Feature:<\/strong> complex mine \u2014 extracts gold, copper, silver, molybdenum.<\/li>\n<li><strong>Owner:<\/strong> AMMC (Almalyk Mining and Metallurgical Company).<\/li>\n<li><strong>AMMC profit:<\/strong> $694 million for 9 months of 2025.<\/li>\n<\/ul>\n<h3>Uzbekistan is a gold-producing power<\/h3>\n<p>Two of the world&#8217;s five largest deposits in Uzbekistan have a unique concentration. Only the US and Uzbekistan have two deposits in the top five. <\/p>\n<ul>\n<li><strong>Total production of Uzbekistan:<\/strong> 100 tons of gold per year (seventh place in the world).<\/li>\n<li><strong>Export:<\/strong> gold is the largest export item ($7+ billion per year), providing 30-40% of foreign exchange earnings.<\/li>\n<li><strong>Gold price:<\/strong> $2500+ per ounce in 2024-2025 (increase from $1800 in 2023) \u2014 additional billions in profits for Uzbekistan.<\/li>\n<\/ul>\n<h3>NMMC and AMMC<\/h3>\n<ul>\n<li><strong>NMMC:<\/strong> a state-owned company, manages Muruntau, Zarafshan, and other deposits. Profit of $1.5 billion in half a year \u2014 a rate of $3 billion per year. <\/li>\n<li><strong>AMMC:<\/strong> a state-owned company, manages Almalyk, extracts gold, copper, and silver. Profit of $694 million for 9 months \u2014 a rate of $925 million per year. <\/li>\n<li><strong>Contribution to the budget:<\/strong> NMMC and AMMC pay taxes, dividends ($2+ billion per year), finance the development of regions, create jobs (50 000+).<\/li>\n<\/ul>\n<h3>Context<\/h3>\n<ul>\n<li><strong>Muruntau is a legend:<\/strong> the largest quarry in the world, visible from space. Discovered in 1967, the reserves are estimated at 5,000+ tons of gold \u2014 enough for decades. <\/li>\n<li><strong>Almalyk is a complex: <\/strong>it extracts not only gold, but also copper (more than 300 thousand tons per year), silver, and molybdenum \u2014 diversifying its income.<\/li>\n<li><strong>Gold price:<\/strong> rise from $1800 (2023) to $2500+ (2024-2025) brought additional billions to Uzbekistan. With an annual production of 100 tons (3.2 million ounces), each $100 price increase yields +$320 million in revenue. <\/li>\n<li><strong>Gold supports the soum:<\/strong> export revenue of $7+ billion per year ensures the strengthening of the national currency (the dollar fell from 12,800 to 11,972 per year).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Muruntau produced 2.68 million ounces of gold in 2024 \u2014 second only to the Nevada mine in the world. Almalyk \u2014 1.1 million ounces. Two of the world&#8217;s five largest deposits are located in Uzbekistan.  <\/p>\n","protected":false},"author":4,"featured_media":10831,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/11\/690b9d230c244.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":10831,"YlB8HH34jIzY":"Two Uzbek mines are among the top 10 gold miners in the world"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2118,2197,2666,2665],"class_list":["post-12294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-economics","tag-gold","tag-mining-industry","tag-nmmc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two Uzbek mines are among the top 10 gold miners in the world &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"Muruntau produced 2.68 million ounces of gold in 2024 \u2014 second only to the Nevada mine in the world. Almalyk \u2014 1.1 million ounces. Two of the world&#039;s five largest deposits are located in Uzbekistan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frank.uz\/en\/news-en\/two-uzbek-mines-are-among-the-top-10-gold-miners-in-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two Uzbek mines are among the top 10 gold miners in the world\" \/>\n<meta property=\"og:description\" content=\"Muruntau produced 2.68 million ounces of gold in 2024 \u2014 second only to the Nevada mine in the world. Almalyk \u2014 1.1 million ounces. 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