Archi on track to meet gold output target of 250,000 oz

By Thomas Sembiring

IDX-listed PT Archi Indonesia, which operates gold mines in North Sulawesi Province, is on track to meet gold production target this year of 250,000 oz.

Archi Finance Director Rudi Suhendra told Petromindo.com on Tuesday that production so far has reached 200,000 oz. He said that last year, realized gold production was 220,000 oz.

Archi operates two producing gold mines in North Sulawesi, each run by subsidiaries PT Tambang Tondano Nusajaya (TTN) and PT Meares Soputan, which have combined reserves of 2 million tons.

Editing by Reiner Simanjuntak