Merdeka Copper Gold - Announced Q4 2022 financial performance

PT Merdeka Copper Gold Tbk announced its Q4 2022 results, with total production of 125,133 ounces of gold, 19,551 tonnes of copper, and 38,786 tonnes of nickel in nickel pig iron (NPI). Merdeka achieved an EBITDA of US$277 million and revenue of US$870 million for the quarter. Additionally, Merdeka successfully raised IDR3.1 trillion (~US$198 million) through bond issuance and completed a restructuring exercise involving PT Batutua Pelita Investama.

Read full article here.