Mining Intelligence and News
Indonesia

Martabe Mine

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Martabe Mine

Location: 40 km SE from Sibolga, Indonesia

Address:

Jl. Merdeka Barat KM 2,5, Kelurahan Aek Pining, Kecamatan Batang Toru, Kabupaten Tapanuli Selatan,
Sumatra Utara
Indonesia
22738

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe operational area of the Martabe mine encompasses three open-pit mines: the Ramba Joring Pit, Barani Pit, and Purnama Pit, along with a conventional carbon-in-leach (CIL) gold ore processing plant.

Martabe Phase 2 involves ongoing resource exploration, studies on sulphide minerals, assessments of underground mining potential, and the construction of new tailings management facilities.

In 2024, a significant milestone of the Martabe Phase 2 project was achieved with the successful completion of the Filtration Plant. Development efforts for Martabe Phase 2 will continue, focusing on the construction of a new Tailings Management Facility and further research into Martabe Sulphide and Underground Mining.

Owners

SourceSource
CompanyInterestOwnership
PT Agincourt Resources 100 % Indirect
PT Agincourt Resources (PTAR) specialises in gold and silver exploration, mining and processing within the Martabe Gold Mine.

The Martabe Gold Mine is the company’s sole operating location. PTAR’s operations are managed from Jakarta.

Contractors

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SourceSource

Deposit type

  • Epithermal

Summary:

There are six defined mineral deposits at the Martabe Gold Mine. These deposits are of a type known as high sulphidation epithermal deposits and comprise part of a large-scale mineralised district which has the potential to host further gold and gold-copper deposits.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits202420232022202120202019201820172016
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe391,031410,387355,377310,550
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,340,7072,895,3802,808,4522,424,537
All production numbers are expressed as metal in doré.

Operational metrics

Metrics202420232022202120202019201820172016
Hourly processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe725 t698 t665 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6 Mt4.5 Mt4.5 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5,917,000 t5,664,976 t5,572,583 t5,062,816 t
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,448,021 t6,059,444 t5,332,293 t8,045,184 t
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe12,365,257 t11.7 Mt10,904,876 t13,108,000 t
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe6,036,044 t5,572,308 t5,353,388 t4,840,000 t

Production Costs

CommodityUnits20242023202220212020201920182017
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 443.4 / oz **   367 / oz **   405.39 / oz **  
** Net of By-Product.

Mine Financials

Units20242023202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 560.9   574.2   484.4  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 330.4   368.7   266.9  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 295.1   270.7   203.2  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 215.8   166.8   151.3  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 371.5   373.8   327.3  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025
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....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025
....................... Subscription required ....................... Subscription required Subscription required Jul 24, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required 2017

Aerial view:

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