Navoiy Mining and Metallurgical Company (NMMC), the largest gold producer in Central Asia and the fourth largest globally, has published its audited 2024 financial results under IFRS. The company achieved record-high revenue and continued to expand production capacity and profitability.

Key performance highlights include:

• Strong Operational Performance: Gold production increased by 5.4% to 3.10 million troy ounces (96.4 tonnes), driven by the commissioning of new mining and processing facilities. Revenue rose by 29.5% year-over-year, reaching $7.4 billion—a new record for the company.
• Sustained Investment and Efficiency: Over the past eight years, NMMC completed 24 major investment projects worth $3 billion, enabling it to fulfill its 2026 production target two years ahead of schedule, while maintaining one of the lowest cost structures in the industry.
• Robust Financial Position: Adjusted EBITDA increased by 39.4% to $4.6 billion, with net profit up 44.6% to $2.14 billion. The company also reduced its leverage ratio to 0.5x and successfully issued its first $1 billion Eurobond in two tranches.

Source: gazeta.uz