Gold Producers Remain Attractive as Global Prices Stay High

Strong Domestic Demand Supports Growth

The global gold price continues to maintain its high level, currently standing at US$4,327 per troy ounce. This represents a significant increase of 6.08% over the past month and a substantial 64.79% year-to-date growth. In response to these favorable market conditions, PT Hartadinata Abadi Tbk (HRTA), a prominent gold producer, is implementing strategic measures to maintain its performance and capitalize on emerging opportunities in the industry.

Domestic Market Focus Strategy

HRTA's management, as stated by Director of Investor Relations Thendra Crisnanda, is concentrating on strengthening the company's presence in the domestic market. The strategy includes expanding sales to bullion banks, engaging with institutional buyers, and broadening both retail and wholesale networks. The company is optimistic about the robust demand for gold bars and jewelry in the domestic market, which is further supported by the government's downstreaming policies aimed at promoting local gold processing and consumption.

Market Outlook and Company Performance

The current high gold prices are expected to maintain the attractiveness of gold producers like HRTA through 2026. The company's focus on the domestic market is aligned with the positive trend in gold investment and the government's supportive policies. As the global gold price continues to show strength, HRTA's strategic positioning in the domestic market is likely to yield positive results in the coming year.