EMAS - Starts mining at Pani Gold Project

EMAS - Starts mining at Pani Gold Project Merdeka Gold Resources (EMAS) has begun mining at the Pani Gold Project in Gorontalo, one of Indonesia’s largest gold deposits (>7 Moz). The heap-leach phase targets 140,000 oz/year from 7 Mtpa ore capacity, with a planned CIL expansion to 12 Mtpa for up to 500,000 oz/year by 2030. First gold output is expected in 1Q26. (Source: Company)