[SMM Flash News] Merdeka Gold Resources Posts First-Ever Revenue of $2.6m as Pani Gold Mine Begins Commercial Output

Published: Jun 29, 2026 22:43

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Indonesia's EMAS reported its first-ever revenue of $2.6 million in Q1 2026 from initial gold sales in March, following the start of commercial production at its Pani Gold Mine in Gorontalo, while posting negative EBITDA of $1 million and a net loss of $10.9 million, which it called reasonable given the mine's early-stage ramp-up and loan-related financial costs.

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