AMMN Reports 60.9% Profit Decline; Advances Elang Mine Development
PT Amman Mineral Internasional Tbk (AMMN) recorded a 60.9% drop in net profit to USD 249 million in 2025, influenced by a 30.7% decrease in net sales to USD 1.8 billion. Key sales came from copper cathodes and refined gold, totaling USD 806 million and USD 454 million, respectively. Despite operational challenges, AMMN exceeded its concentrate production target, achieving 446,600 dry metric tonnes. The company is advancing the Elang mine project, which has reserves 3.6 times larger than Batu Hijau, with ongoing feasibility studies.
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PT Amman Mineral Internasional Tbk (AMMN) reported a net profit decline of 60.9% to USD 249 million in 2025, alongside a 30.7% fall in net sales to USD 1.8 billion. Sales were driven by copper cathodes, generating USD 806 million, and refined gold at USD 454 million.
AMMN achieved concentrate production of 446,600 dry metric tonnes, surpassing its target despite a 41% drop in production. The company is now developing the Elang mine, which has reserves 3.6 times larger than Batu Hijau. The feasibility study for Elang is complete, with infrastructure plans including a 54 km conveyor system to Batu Hijau.
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