JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) posted a net profit of US$161,265 in the first quarter (Q1) of 2020.
In the same period, the company also posted US$991,860 in revenue.
According to an official statement received by IDNFinancials.com on Tuesday (2/6), around US$892,000 of BRMS’s revenue came from its mining consultancy business, while the remaining US$99,860 came from the sales of gold to PT Aneka Tambang Tbk (ANTM) carried out by the company’s subsidiary PT Citra Palu Minerals (CPM).
Throughout Q1, BRMS’s production facility in Poboya, Central Sulawesi, which is operated by CPM, produced over 10 kg of dore bullion which was then delivered to Antam’s precious metal smelter. The production facility has a processing capacity of 500 tonnes of ore per day. (MS)