NMMC Increases Production Volume by 39%

Published
Корреспондент
2024 results
Photo: NMMC

In 2024, the Navoi Mining and Metallurgical Combine (NMMC) produced goods valued at UZS 93.9 trln, marking a 39% y/y increase. This announcement comes from the company’s press service.

Over the past year NMMC boosted its contributions to the state budget through taxes, fees, and dividends by 54%, reaching UZS 57.5 trln. The company also attracted $790 mn in investments, a 67% increase compared to 2023.

Cost optimisation measures allowed NMMC to reduce production costs by UZS 3.7 trln. Additionally, the company increased production under its localisation programme by 45%, reaching UZS 916 bn.

NMMC’s performance in 2024 was positively influenced by high gold prices. The combined ranks among the world’s largest producers of precious metals.

Photo: Unsplash

The past year also saw strong market performance for other NMMC products, particularly silver.

Another major milestone for NMMC in 2024 was the issuance of $1 bn worth of bonds on the London Stock Exchange. The company announced plans to continue raising funds in international debt markets in 2025.

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