PT Bumi Resources Minerals Tbk (BRMS) is targeting its third gold factory in Palu to start operating in September this year. With the operation of the factory, BRMS is confident that they will achieve their production targets and improve their performance by the end of the year.

Director & Chief Investor Relations Officer of PT Bumi Resources Minerals Tbk Herwin Hidayat stated that his party hopes that the third gold factory in Palu can also complete its construction period and start operating in September - October this year.

Herwin revealed that the performance of gold mines in the first quarter of 2024, production from gold mines in Palu had reached 9,623 oz gold (299 kg gold). The company's target for the full year 2024 is to achieve production of 35,000 oz of gold.

"We are quite confident that this target can be achieved," he told Kontan, Friday (5/7).

According to Herwin, looking at the company's performance in the first semester of 2024. Currently production figures in the first semester of 2024 are still being finalized, but the party is quite confident that there will be an increase in production in the second quarter of 2024 because the gold content processed is higher than the gold content processed in the first quarter of 2024. The production figure in the first quarter of 2024 is 9,623 oz of gold.

"We are quite confident that BRMS will achieve its production target in full year 2024 of 35,000 oz, supported by a second gold factory which has been operating at full capacity since the second quarter of this year," he concluded.