Key points include
(1) Good Q1 2022 production & financial results on YoY basis.
(2) Expected gold production jump in Q4 2022 & in 2023 based on 2nd gold plant (4000 t/d) completion in Palu this year.
(3) Expected further increase in Q2 2024 gold production due to the 3rd gold plant (4000 t/d) completion in Palu & 4th plant (2000 t/d) completion in Gorontalo.
(4) positive portfolio expansion with the addition of Linge Abong & Kerta gold projects (increased reserve and priductive mine life).
(5) available funding to finance the gold plants construction in Palu & Gorontalo (past rights issue proceeds, past project financing facilities)