Gold and copper mining company PT Merdeka Copper Gold Tbk (stock code: MDKA) targets gold production to reach 120,000 to 140,000 ounces of gold in 2023. "This year's production target is 120,000 to 140,000 ounces (gold), similar to last year's 2022," said MDKA General Manager of Corporate Communications Tom Malik in a Media Gathering in Jakarta, Wednesday. Tom explained, the gold production came from the Seven Bukit Gold Mine managed by PT Bumi Suksesindo, which is an open pit mine in Banyuwangi Regency, East Java, which digs mineral ore and extracts gold and silver deposits.

In the first quarter of 2023, he explained that the Tujuh Bukit Gold Mine had produced 25,830 ounces of gold at a sustainable cost (AISC) of US$1,262 per ounce. Meanwhile, currently PT Bumi Suksesindo operates a gold mine covering an area of 992 hectares (ha) based on an Operation and Production Mining Business Permit which has been owned since 2012 in a production forest area in Sumberagung Village, Pesanggaran District, Banyuwangi Regency Furthermore, the company with 7.36 percent share ownership by Garibaldi Thohir still has gold mining deposits in low sulfidation epithermal deposits at the Pani Gold Project in Gorontalo Province.

He explained that the Mineral Resources for the Pani Gold Project amounted to 263.6 million tons, with a grade of 0.75 grams per tonne of gold containing 6.35 million ounces of gold, which is currently in the feasibility study process and is expected to be completed by the end of the year. quarter III-2023. Around the mining area, he said roads, accommodation, facilities and other supporting infrastructure are being built to ensure construction can begin in the third quarter of 2023. "The Pani Gold Project is currently focused on optimizing project funds, mining schedules, and material and recovery opportunities in the early years of mining," said Tom. For information, PT Merdeka Copper Gold Tbk is targeting gold production at the Tujuh Bukit Gold mine of 100,000 ounces to 120,000 ounces in 2022.

Source: https://www.antaranews.com/berita/3543420/merdeka-copper-gold-targetkan-produksi-emas-capai-140-ribu-ons-di-2023