Antam Gold Sales Increases 385% YoY in 1H18

Aneka Tambang, Tbk (ANTM:IJ) recorded an increase in gold sales to 385% YoY to 13.1 tonnes in 1H18, compared to 1H17 of 2.7 tonnes. Jump in their gold sales driven by the company’s market development strategy amid low gold prices, In addition, Antam’s ferronickel production also increases by 33% YoY to 12,400 kilograms (kg) in 1H18. However, the production has not reached half of the company’s target throughout the year. Furthermore, for the second half of 2018, the company targets production will show better results from the first semester.

Aneka Tambang Required Fund of IDR2.8Trn for Capital Expenditure

Antam Realized 13% of its Rights Issue Fund

Antam’s EBITDA Growth 35%, amidst Commodity Price Volatility