BRMS – To increase gold production in 2024

BRMS – To increase gold production in 2024 Bumi Resources (BRMS) targets to increase gold production in 2024, which is still in line with its 2nd plant' higher production capacity and its 3rd plant that will start to operate in 3Q24. Previously, BRMS' gold production was around 511 kg (+328% yoy) in 9M23. BRMS expects this year' gold prices could hold at around USD1,900 per oz. Furthermore, BRMS has proposed 2024-2026' RKAB for its subsidiary and will focus on exploration activities development for a number of mining blocks to increase the amount of ore reserves as well as developing open-pit minings to increase its reserves' inventory and gold production. (Source : Kontan)