Bisnis.com, JAKARTA— The recent surge in gold prices has helped offset challenges faced by PT Merdeka Copper Gold Tbk. (MDKA), which is actively expanding its business portfolio across multiple segments through its subsidiaries.
The Tujuh Bukit gold mine has enabled MDKA to achieve a cash margin of US$1,825 per ounce, marking a 75% increase year-on-year (YoY). Meanwhile, the ongoing gold rally has also supported a 6% rise in gold production from the mine, reaching 25,481 ounces compared to the previous year.