ANTM – Expects gold' sales to increase by 43% yoy during Ramadan

ANTM – Expects gold' sales to increase by 43% yoy during Ramadan Aneka Tambang (ANTM) expects its gold sales to increase by 43% yoy or around 37.3 tons during this year' Ramadan. ANTM' expectation is still in line with the global' gold price which continues to increase by USD 2,177 per troy ounce as of March 26, 2024. ANTM also targets around 958 kg in gold production. To meet its sales targets, ANTM will continue to make various innovations, which one of them is by releasing special thematic gold products for Ramadan and Eid. Note that, ANTM targets its total nickel ore production to reach 20.58 mn wmt (+53% yoy) and expects its nickel ore sales to reach 18.75 mn wmt (+60% yoy) in 2024, which is still in line with the growth outlook of the domestic nickel processing industry. (Source: Investor Daily)