Archi Indonesia 3Q earnings likely stronger on higher gold volumes
UOB Kay Hian’s Benyamin Mikael says Archi Indonesia’s 3Q earnings performance is likely to be stronger, driven by higher gold sales volumes of 33,000-36,000 ounces as production ramps up at Araren and Marawuwung operations.
Archi Indonesia's 3Q earnings performance is likely to be stronger, UOB Kay Hian's Benyamin Mikael says in a research report.
The main driver is higher gold sales volumes of 33,000-36,000 ounces as production ramps up at Araren and Marawuwung mining operations in Indonesia, the analyst says.
The mi…