JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) managed to record a net profit of US$1.26 million in 2019, after having posted a US$103.44 million loss in 2018.
Additionally, according to the company’s 2019 financial report the company also posted a US$4.46 million revenue, up from US$1.18 million in the previous year.
According to BRMS CEO Suseno Kramadibrata, one of the company’s milestones in 2019 was the completion of its production facility at the Poboya gold mine, Central Sulawesi operated by its subsidiary PT Citra Palu Minerals (CPM).
“We manage to complete the construction of a production plant with 500 tonnes ore per day processing capacity. We are happy to report that we have successfully completed the trial production of dore bullions in the first quarter of this year,” said Mr Kramadibrata in an official statement received by IDNFinancials.com, Tuesday (7/4).
In the first quarter of 2020, BRMS’s Poboya production facility managed to produce over 10 kg of dore bullion, which was then delivered to a precious metal smelter owned by PT Aneka Tambang (Persero) Tbk (ANTM). Currently the company is planning the development of a second production facility with a capacity of 4,000 tonnes of ore per day, which will be financed by third-party loans. (MS)