Delivering Greater Value
through Sustainable Growth


We build on our strengths, to achieve superior business results by stretching our capabilities.


In everything we do, we determine to deliver value and results above expectations to ensure that Agincourt Resources becomes the industry’s most trusted partner; the company people want to invest in; that customers, partners and suppliers, governments and communities want to work with; and that employees are keen to work for.


In the previous Annual Report, 2017 was recognised as the most successful year for the Martabe Gold Mine since commencement of operations. Remarkably, the results for 2018 have set a new benchmark in this regard, with records again being for key operational and financial measures, largely reflecting the success of initiatives implemented under the Company’s Martabe Improvement Program (MIP).



Martabe Prestasi is aimed at improving the educational access for the students in Batangtoru and Muara Batangtoru who are high-achieving and committed to gaining higher educations. Martabe Prestasi is one of leading educational programmes by Martabe Gold Mine, to respond to the declining numbers of students who continue their study, due to financial reasons, in accordance with Central Bureau of Statistics of South Tapanuli.



PT Agincourt Resources, the operator of the Martabe Gold Mine held a Mamborgo-Borgoi event, a traditional ceremony of South Tapanuli, to welcome the new shareholders of Martabe Gold Mine, on 21 November 2018. This traditional ceremony is held at the mine, in Batangtoru, South Tapanuli, involving hundreds of employees and representatives of Batangtoru and Muara Batangtoru Subdistricts, heads and traditional leaders of 15 directly affected villages surrounding the mine, and representatives of the Community Communication Forum of Martabe (LKMM).


Socially Responsible,
Productively Reliable


We have maintained our social license to operate, by achieving high standard in key aspects of our operation, including worker safety, community development, protection of the environment and regulatory compliance. At the same time we consolidate our reputation as a reliable low cost gold producer.


Golden Potential

Martabe Gold Mine is located on the west coast of the North Sumatera province – in a world class gold district. The Contract of Work covers four districts and one municipality in the province, namely North Tapanuli, Central Tapanuli, South Tapanuli and Mandailing Natal districts and Padangsidimpuan municipality. Purnama Pit is part of a large scaled mineralised district of up to six known deposits within a 6 km radius with potential to host further gold and gold – copper deposits. Ore is being mined by open pit method with low strip ratios. The mine has high gold and silver grades from the surface to the base of the reserve limit. Purnama deposit has a 10 year mine plan with refractory potential at depth. Martabe deposits are open at depth for sulphide potential and laterally CIL potential still exists.