The Jilau and Taror Gold Mines form Tajikistan’s largest gold producer and the country’s largest gold mine in terms of gold resources. Zeravshan, our local subsidiary operating the two mines, manages a fully integrated mining complex that encompasses mining, processing, and smelting activities and is also Tajikistan’s first and only producer of high-purity copper.
| Location | Sogdiyskaya state, Tajikistan |
|---|---|
| Acquisition Date | 2007 |
| Equity Interest | 70% |
| Deposit Type | Porphyry + Skarn |
| Mining & Processing methods | Taror：open-pit mining + flotation +CIL Jilao: open-pit mining +CIL |
| Resources as of Dec 31, 2025 | 2,815 koz (88t) |
| Reserves as of Dec 31, 2025 | 2,206 koz (69t) |
In 2025, the Jilau and Taror Gold Mines produced approximately 6.1 tonnes of mined gold, representing an increase of approximately 13% over the previous year. During the same period, they also produced approximately 4,281 tonnes of mined copper and 5.7 tonnes of mined silver, respectively. By-product output fluctuated as a result of ore grade composition and production scheduling, but overall operations remained stable. AISC for the year was approximately US$1,380/oz, lower than in 2024, mainly benefiting from increased output and the dilution of fixed costs. The project continues to advance utilisation of low-grade resources and studies on follow-on capacity expansion. Elevation works at Taror Nos. 1 and 2 tailings storage facilities were completed, supporting stable production, future growth and an extension of mine life.
Blasting parametres were continuously optimised to balance stripping and secure the ore output.
Synergies in copper smelting continued to be enhanced through coordinated processing of complex concentrates from multiple sources, ensuring gold, silver and copper recoveries of no less than 95%, 75% and 92%, respectively.
Zeravshan is committed to localizing its workforce, achieving a localization rate of 97%. By adopting a local procurement strategy, the company supports the growth of local industries and fosters the development of numerous local businesses and sectors.
Emphasizing community development, Zeravshan has undertaken various initiatives, including infrastructure development, job creation, and disaster relief. Key projects include the donation and construction of the Sufiyon Road, water supply projects in Filmandar and Khungaron villages, women’s vegetable and fruit farming projects, and educational initiatives. The local community fondly regards Zeravshan as a good neighbour and good partner.
