Indonesia

Martabe Mine

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Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotIn 2022, various processing plant facilities were added and refined to support world-class gold and silver mining operations at the Martabe Gold Mine, including increasing milling capacity with the installation of Vertimill, ReCyn Plant, and optimising mineral recovery with the Oxygen Shear Reactor.

Owners

SourceSource
CompanyInterestOwnership
PT Agincourt Resources 100 % Indirect
PT Agincourt Resources (PTAR) is an Indonesian mining company engaged in gold and silver exploration, mining and processing. The Martabe Gold Mine in North Sumatra is the company’s sole operating location. The company’s operations are managed from Jakarta.

Contractors

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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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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2022202120202019201820172016
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe391,031410,387355,377310,550
Silver oz  ....  Subscribe  ....  Subscribe  ....  Subscribe2,340,7072,895,3802,808,4522,424,537
All production numbers are expressed as metal in doré.

Operational metrics

Metrics2022202120202019201820172016
Hourly processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe725 t698 t665 t
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe6 Mt4.5 Mt4.5 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe5,917,000 t5,664,976 t5,572,583 t5,062,816 t
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe6,448,021 t6,059,444 t5,332,293 t8,045,184 t
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe12,365,257 t11.7 Mt10,904,876 t13,108,000 t
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe6,036,044 t5,572,308 t5,353,388 t4,840,000 t

Production Costs

CommodityUnits202220212020201920182017
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 443.4 / oz **   367 / oz **   405.39 / oz **  
** Net of By-Product.

Financials

Units202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 560.9   574.2   484.4  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 330.4   368.7   266.9  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 295.1   270.7   203.2  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 215.8   166.8   151.3  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 371.5   373.8   327.3  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 12, 2024
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Jan 12, 2024
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2023
....................... Subscription required ....................... Subscription required Subscription required Jan 12, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 12, 2024

EmployeesContractorsTotal WorkforceYear
...... 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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