PT Merdeka Copper Gold Tbk (MDKA) aims to enhance its operational performance in 2024 amid rising commodity prices. The company targets significant production increases at its gold and copper mines and is optimistic about future growth due to new income sources and ongoing projects.
Key Points
- Financial Performance: Revenue rose by 152.57% YoY to USD 541.05 million in Q1 2024, but net loss was USD 15.22 million.
- Production Targets:
– Tujuh Bukit Gold Mine: 100,000 to 120,000 ounces
– Wetar Copper Mine: 14,000 to 16,000 tons - Commodity Prices: Current prices are USD 2,300 per ounce for gold and USD 9,400 per ton for copper, with expected increases.
- New Income Source: Pyrite ore sent to AIM Project will contribute to earnings.
- Investments: MDKA has invested over USD 114 million in the Pani Gold Project with an additional USD 200 million planned for phase 1.
Image source: KONTAN/Akmalal Hamdi
Source Link: https://industri.kontan.co.id/news/merdeka-copper-gold-mdka-bidik-peningkatan-kinerja-operasi-tahun-2024
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“PT. Merdeka is a user of SNCTechnologies’ MineLink Fleet Management system”.
“PT. Merdeka is a user of SNCTechnologies’ MineLink Fleet Management system”.