BRMS - Boosting productions to meet its 2023 target

BRMS - Boosting productions to meet its 2023 target Bumi Resources Minerals (BRMS) continue to boost its gold production, in order to surpass last year's output. BRMS produced 236kg or equal to 7,611 troy ons of gold in 1H23. BRMS' performance is also contributed by its new Citra Palu Minerals plant (capacity of 4,000 tonne/day). While, BRMS' second gold plant is in Palu and BRMS is also in the process of building its third plant, expects it to be finished in 3Q24. Furthermore, BRMS is also focusing on its Gorontalo Minerals mine project (copper and gold mines). In 1H23, BRMS revenue reached USD15.8 mn (+186% yoy) and net profit reached USD5.63 mn (+44% yoy). (Source : Kontan)