ARCI Indonesia Allocates USD 10 Million for Gold Exploration Across 397 Prospective Areas
Wed 14 Jan 2026, 00:50 AM
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Throughout 2025, PT Archi Indonesia Tbk (ARCI) spent approximately USD 10 million on gold exploration activities at the Toka Tindung Mine in North Sulawesi. This information was disclosed by the company in a press release in Jakarta yesterday.
Through its subsidiaries, PT Meares Soputan Mining (MSM) and PT Tambang Tondano Nusajaya (TTN), ARCI completed 397 drill points. The total drilling depth for the January–December 2025 period reached 85,893 meters. ARCI management stated that drilling activities were focused on the East and West corridors of the Toka Tindung Mine to upgrade the resource and reserve classification of the company’s core assets.
In the first quarter (Q1) of 2025, the company drilled 84 points with a total depth of 19,833 meters. Subsequently, in Q2 2025, ARCI drilled 106 points with a depth of 20,742 meters. In Q3 2025, the company drilled 107 points with a depth of approximately 22,599 meters. Finally, in Q4 2025, ARCI drilled 100 points with a total depth of 22,719 meters.
ARCI management noted that the gold resource drilling and exploration activities utilized both diamond drilling and reverse circulation methods. The company's 2025 exploration results showed high-grade gold findings in several intervals, including grades reaching 26.57 grams per tonne (g/t) over a 5.40-meter interval, 13.66 g/t over 11.10 meters, and 16.26 g/t over 13.00 meters.
As is known, the Toka Tindung Gold Mine consists of two Contracts of Work (CoW) with a total concession area of 39,817 hectares spanning two administrative regions: North Minahasa Regency and Bitung City, North Sulawesi. These Contracts of Work are valid until 2041 and are held by MSM and TTN.
Under the Amended Mining Law, MSM and TTN are guaranteed two extensions of their Contracts of Work in the form of Special Mining Business Licenses (IUPK), with each extension for a maximum period of 10 years. ARCI recorded a net profit attributable to owners of the parent entity of USD 70.47 million as of Q3 2025, a turnaround from a net loss of USD 4 million in the same period last year.
As of September 30, 2025, Archi Indonesia Tbk (ARCI) held an unappropriated retained earnings balance of USD 233.12 million and total equity of USD 343.95 million. Increased gold production and sales from the main mine in North Sulawesi were the primary drivers of ARCI’s performance growth. By the end of Q3 2025, ARCI recorded total gold production of 90,000 troy ounces (koz), a 23% increase compared to 73,000 troy ounces in the same period the previous year.
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