Ustaz Yusuf Mansur Visits Conglomerate Peter Sondakh's Gold Mining Company: Investing Here Shouldn't Half-Hearted

JAKARTA - Ustaz Yusuf Mansur has been fond of recommending shares of companies in which he has invested in the past year. This time, Yusuf Mansur, in an upload on his personal Instagram account, was seen visiting the gold mining company owned by conglomerate Peter Sondakh, PT Archi Indonesia Tbk (ARCI).

"This is one of the pits of the Arci gold mine... this is a serious company. I'm happy. It's an Indonesian company. The gold is red and white gold," Yusuf Mansur wrote in the caption, quoted Wednesday, October 27.

Yusuf Mansur also wrote that for anyone who wants to invest in ARCI shares, don't be half-hearted. The reason, according to him, Archi Indonesia has a great contribution to the country.

"Come and invest in Arci's model companies, don't go at two o'clock. It's the nature of investing. Support the development of the country as well as the regions. From Arci, in the last 3 years, the contribution is 12T... more or less. This consists of royalties, United Nations, taxes... and you can all be an affirmation... you can work professionally in the mining world... or be the entrepreneur... be the contractor... be the biggest shareholder... sholluu 'alannabiyy Muhammad," said Yusuf Mansur.

According to VOI's monitoring, today at 13:55, ARCI's share price is at Rp650, up 4 percent compared to yesterday's closing.

For information, Archi Indonesia Tbk posted performance growth in the first six months of this year. The company's revenue and profit shot up in the first half of 2021.

ARCI's consolidated revenue rose 9 percent year-on-year (yoy) from US$130.1 million in the first semester of 2020 to US$142.4 million in the first semester of 2021 or around Rp2.06 trillion (exchange rate of Rp14,500). per US dollar).

Accordingly, earnings before interest, tax, depreciation and amortization or earnings before interest, tax, depreciation and amortization (EBITDA) increased 5 percent yoy to USD 75.5 million. Archi Indonesia's net profit increased 24 percent yoy to US$32.6 million compared to the same period last year.

President Director of PT Archi Indonesia Tbk Kenneth Ronald Kennedy Crichton said the financial performance of the owner of the Lotus Archi gold brand in the first half was driven by higher gold prices compared to the same period last year. waste removal) from the advanced stage of the Araren Pit which has a higher gold content, where we have successfully made the transition from stage 3 to stage 5," Kenneth said in a written statement, quoted on Sunday 1 August.

During January-June 2021, the average grade of gold ore processed in the ARCI gold production process shrank further from 1.81 g/t to 1.66 g/t. As a result, ARCI's gold production fell 6 percent to 81.6 kilo ounces in the first semester of 2021. Previously, the realization of ARCI's gold production reached 86.4 kilo ounces in the same period last year.

However, ARCI benefited from the average selling price of gold reaching US$1,802 per ounce in the first semester of 2021. This figure was up about 9 percent compared to the average gold price for the same period last year which was US$1,656 per ounce, the company's gold production in the second half of this year could reach 138 kilo ounces - 148 kilo ounces, higher than gold production in the second half of last year which was 120 kilo ounces.

Thus, said Kenneth, ARCI's total gold production for the full year 2021 will reach 220 kilo ounces - 230 kilo ounces, or grow 5-10 percent compared to last year's production realization.