PT Aneka Tambang Tbk (ANTM) continues to strive to increase gold reserves, which is one of ANTM's mainstay commodities. Last year, gold products became the biggest contributor to ANTM's revenue, with a proportion of 69% of ANTM's total sales, with sales value reaching IDR 31.63 trillion. ANTM Main Director Nicolas D. Kanter said, his party is currently looking for potential mines to add to ANTM's gold reserves. “Pongkor, which is the main source of ANTM's gold mine, is depleting its reserves. Luckily yesterday (its age) could be extended because there were new reserves discovered," Nicolas told the media, Wednesday (6/4). Nicolas said, there are already several priority gold mines that are currently being tried to be acquired.
However, to find a potential gold mine is not as easy as turning the palm of the hand. "(The new mine) is not only to increase reserves but also asset valuation," he continued. As an illustration, last year the level of unaudited gold production reached 1,268 kg or 1.2 tons or the equivalent of 40,767 troy oz. In 2021, ANTM's unaudited gold production will reach 1.69 tonnes. This means that ANTM's gold production decreased by 24.9% on an annual basis. However, ANTM posted an increase in gold sales volume performance. Throughout 2022, this state-owned metal mining issuer recorded unaudited gold sales of 34,967 kg or 1,124,215 troy oz in 2022. This realization rose 19.01% from last year's gold sales volume of 29.03 tons.
