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20240730_BUMI_Laporan Informasi dan Fakta Material_31688830_lamp2.pdf
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Press Release
BRMS announced 287% Revenue increase in 1H 2024 period from the same period of last year
Jakarta, 29 July 2024
PT Bumi Resources Minerals Tbk (“BRMS” or “the Company”) today announced its 1H 2024 financial and
production results. Agus Projosasmito, BRMS’ CEO & President Director, said, “BRMS’ gold production and
average sale price in 1H 2024 outperformed our achievement last quarter and in the same period of last year.”
BRMS produced 26,744 oz (832 kg) of gold in 1H 2024, which reflects a 251% increase Year on Year. The
Company’s average sale price in 1H 2024 was around US$ 2,209 per oz, which is also 15% higher Year on
Year.
Charles Gobel, BRMS’ Corporate Finance Director, added,”Both of our gold production increase and the higher
average sale price have positive impact on BRMS’ improved financial results in 1H 2024.”
As a result of increased gold output and higher average sale price, BRMS’s Revenue went up by 287% from
US$ 15.8 million in 1H 2023 to US$ 61.2 million in 1H 2024. Similarly, BRMS’ Operating Profit showed a 223%
increase from US$ 5 million in 1H 2023 to US$ 16.2 million in 1H 2024. The Company’s Net Profit also
significantly improved by 67% from US$ 5.6 million in 1H 2023 to US$ 9.4 million in 1H 2024.
Herwin Hidayat, BRMS’ Investor Relations & Director, further explained, “We try our best to add value to our
shareholders. We actively disclose our quarterly financial and production results to the investment community.
We also take equity analysts and institutional & retail investors to visit our mine project and processing facilities
in Palu periodically.”
Year on Year Results Quarter on Quarter Results
Increase Increase
In USD 1H 2023 1H 2024 In USD Q1 2024 Q2 2024
YoY QoQ
Revenue $ 15,839,681 $ 61,268,918 Revenue $ 20,325,748 $ 40,943,170
287% 101%
Operating Profit $ 5,016,011 $ 16,217,277 Operating Profit $ 4,991,199 $ 11,226,078
223% 125%
Net Profit $ 5,636,303 $ 9,435,291 Net Profit $ 3,751,622 $ 5,683,669
67% 51%
Gold Output 7,611 oz (236 kg) 26,744 oz (832 kg) Gold Output 9,623 oz (299 kg) 17,121 oz (533 kg)
251% 78%
Average Sale Price $1,928 /oz $2,209 /oz Average Sale Price $2,083 /oz $2,336 /oz
15% 12%
• For any question relating to this release, please contact: Herwin Hidayat – Director & Chief Investor Relations Officer of PT Bumi Resources Minerals Tbk. at +622157945698 .
Other related Company information can be found at www.bumiresourcesminerals.com.
Herwin Wahyu Hidayat
Director & Chief Investor Relation Officer
PT Bumi Resources Minerals Tbk
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