2018

Production results again exceed key records set in preceding years. A record 5.57 Mt of ore is processed to produce 410,387 ounces of gold, a 15% increase from 2017. An All In Sustaining Cost (AISC) of US$367 per ounce supports a Net Profit after Tax of US$167 million. Strategic growth is supported by a successful exploration program, government approval to mine the Tor Uluala deposit, and ongoing development of sulphide processing projects. In December 2018, there was a smooth transition in majority ownership of the Company with the acquisition of 95% of shares by PT Danusa Tambang Nusantara, owned by PT United Tractors Tbk (60%) and PT Pamapersada Nusantara (40%).

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