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Indonesia

Toka Tindung Complex

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Toka Tindung Gold Mine is one of the largest gold mining operation in Southeast Asia.

Toka Tindung Gold Mine mining complex consists of several open pits, including the Toka, Araren and Kopra active producing open pits, and the Alaskar, Talawaan and Marawuwung open pits, which are in pre-production.

With the resumption of mining activities at the Araren pit, the PT Archi assesses that gold production in 2023 is increase by 11% compared to the last year.

Owners

SourceSource
CompanyInterestOwnership
PT Archi Indonesia Tbk 100 % Indirect
Operating Companies: PT Meares Soputan Mining (“PT MSM”) & PT Tambang Tondano Nusajaya (“PT TTN”); both are wholly-owned subsidiaries of PT Archi Indonesia Tbk.

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Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Toka Tindung Gold Mine area is located on the eastern margin of the South East Asia Plate within the SulawesiEast Mindanao magmatic arc, a highly mineralised belt of volcanics and high level intrusives of early Miocene to Quaternary age. A series of north-northwest–south-southeast trending faults define structural corridors which host the deposits. The deposits are low-sulfidation epithermal systems.

Low-sulphidation epithermal gold mineralisation within the Project area occurs in shoots that form at dilational sites along quartz vein-hosted structures.

The Toka Tindung deposit lies at the northern end of a series of north-northwest trending faults. These faults define a structural corridor at least 2 km wide and extending for about 15 km south of Toka Tindung Gold Mine. The mineralised system is up to 200 m wide and has been delineated over a 1.2 km strike extent. The gross trend of the stockwork zone and larger veins at Toka show a north strike, with the veins generally near vertical or dipping steeply to either the east or west. Local variations in dip, strike and width occur along individual veins within the stockwork system.

The main structural elements in the Batupangah area are brittle faults and fractures with north, north-northeast and northwest mineralised trends. These structures are interpreted to be block faults and have dips generally steeper than 60°. In summary:
- At Pajajaran, two subvertical, parallel sheeted veins around 2 to 5 m wide and a minor stock occur with a northwestern trend;
- The Blambangan deposit consists of a single vein around 2 to 5 m wide with minor stockwork and a northerly trend;
- The Araren deposit consists of two veins each varying between 1 and 7 m in width with north to northeast trends.

Mineralisation within the concession area is characterised by pervasive silicification and adularia alteration within and around the mineralised vein systems zoning vertically and horizontally. Traces of disseminated pyrite, chlorite, carbonate and hematite accompany this alteration. These rocks are associated with anomalous arsenic, antimony and mercury geochemical signature, with lesser molybdenum and tellurium.

Minor argillic alteration overprints the adularia altered volcanics and comprises variable proportions of smectitite, illite, minor chlorite, carbonate, hematite and pyrite. This overprint is strongest at the contact of the upper andesite.

Haloes around the two mineralisation styles at Toka Tindung Gold Mine provide the basis for a pathfinder alteration model supporting both the Near Mine and Greenfields exploration activities. The two mineralisation styles exhibit similar alteration composition but differ in morphology and spatial distribution of certain trace elements in their haloes. The basic difference between the two mineralisation styles is reflected in the host rocks and how they react to the altering fluids.

In the Toka-style alteration system the volcaniclastic host rocks are permeable, leading to a more extensive alteration halo (with the silica halo at Toka measuring some 3.5 km by 1.3 km).

From an exploration perspective, increasing quartz vein percentages, hydrothermal alteration and elevated gold/silver values, are all interpreted to be indicative of proximal mineralisation.

Weathering and oxidation of the altered volcaniclastics and vein systems is generally weak to moderate and produces mixed assemblages of iron oxides, kaolinite and smectite.

All economic gold and silver mineralisation discovered to date at the Toka Tindung Gold Mine is of low-sulphidation epithermal style comprising quartz–adularia vein and stockwork-hosted gold and silver deposits. This low tonnage, high grade gold mineralisation typically occurs within small shoots that form at dilational sites along the host quartz vein structures. District scale structural controls on mineralisation and include north–south and north-northwest trends.

Within the broader concession area, two broadly northwest-trending structural corridors are interpreted to focus the epithermal mineralisation. Within these interpreted corridors, the shoots are developed at sites of structural complexity where there are strike and/or dip changes, intersecting structures, links and/or jogs developed. Other controls on mineralisation include the stratigraphy, host lithology (volcanics versus volcaniclastics) and proximity to intrusive bodies.

Gold and silver mineralisation occurs within quartz vein structures, which are sulphide and base metal-poor with abundant chalcedonic silica, microcrystalline and fine-grained quartz, adularia and minor calcite. These veins vary from solid vein/lode to breccia, containing both wallrock and quartz vein clasts to stockwork or sheeted veins, to fracture fill, cavity fill or as clasts within a fault. Vein mineralogy includes assemblages of quartz, adularia, gold, clay, carbonate, chalcedony, chlorite, hematite and sulphide. While crystalline quartz is the most common vein phase, other quartz vein textures include bladed, cockade, colloform, comb, drusy, vuggy, crustiform, cryptocrystalline, massive, moss and saccharoidal.

At the Toka deposit, the banded and brecciated quartz-adularia veins range in thickness from <1 up to 10 m and are associated with a zone of pervasive quartz–adularia alteration. In excess of 60 veins have been defined within the deposit, typically grading between 3 and 5 g/t Au, and locally up to 30 g/t Au. Silver grades are generally low, with an Ag:Au ratio in mined ores of 2.3:1. Quartz vein stockwork zones are found between the main veins and have a bulk grade ranging between 0.2and 3 g/t Au. Weathering and oxidation to depths of up to 80 m is localised along the main veins and structures.

The southern pits (i.e. Pajajaran, Blambangan, Kopra, Araren and Alaskar deposits) are much simpler ore systems than at Toka and range from single veins to dual and multiple splayed veins and vein stockworks, with vein widths typically between 1 and 10 m.

The majority of the gold delineated to date (from all deposits including those of the Western Corridor) exists as fine, 5–20 micron (µm), grains of ‘free’ gold or associated with the silver–gold alloy electrum.

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

CommodityUnits202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe261270251225168
Silver koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe435406379350358
Gold Equivalent oz  ....  Subscribe267,727274,841255,650229,937173,225
All production numbers are expressed as metal in doré.

Operational metrics

Metrics202320222021202020192018201720162015
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3.3 Mt3 Mt
Stripping / waste ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4.4 6.8 10.7 13.5 6.43
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3.5 Mt3,212 kt2,552 kt1,774 kt2,346 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe15.5 Mt21,828 kt27,417 kt23,879 kt15,082 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe19 Mt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,304 kt2,350 kt2,160 kt1,880 kt1,997 kt
Daily milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Production Costs

CommodityUnits20212020201920182017
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe 684 / oz   613 / oz   610 / oz  

Operating Costs

Currency202020192018
OP mining costs ($/t mined) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Financials

Units2023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 41   85   54  
Sustaining costs M USD  ....  Subscribe 11   13   5  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 383.7   347.1   293.7  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 172.8   184.7   179.8  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 176.8   189.7   184.5  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 145   149.7   135.8  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 93   104   94.5  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Operating Cash Flow M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 30, 2024
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EmployeesContractorsTotal WorkforceYear
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Aerial view:

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