MDKA — To increase gold and copper production amid rising prices

MDKA — To increase gold and copper production amid rising prices Merdeka Copper Gold (MDKA) is set to capitalize on the rising global gold prices by advancing its major mining projects. In 1Q24, MDKA produced 24,139 ounces of gold and 3,046 tonnes of copper, with its Tujuh Bukit Gold Mine delivering gold at a cost of USD1,065 per troy ounce. MDKA is focused on long-term asset development, including the Pani Gold Project and Tujuh Bukit Copper Project, which are projected to be among the largest in Indonesia. MDKA aims to enhance operational performance throughout 2024, targeting gold production between 100k and 120k ounces and copper output between 14k and 16k tonnes. (Source : Kontan)