Amman Mineral Internasional, ID1000191109

Amman Mineral Internasional stock swings to USD 880 million profit

Published on 11/03/2026 at 02:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amman Mineral Internasional stock traded at IDR 3,680 on November 2. The miner swung to a USD 880 million nine-month profit.

Profit turnaround and expansion plans

Amman Mineral swung to a USD 880 million net profit in the first nine months of 2026.
Production growth and smelter capacity are supporting copper and gold output.
The Elang project is intended to support the business after Batu Hijau reaches the end of its projected mine life.

Amman Mineral Internasional, ID1000191109, Illustration mit AI erstellt.

PT Amman Mineral Internasional Tbk swung to a net profit of USD 880 million in the first nine months of 2026, reversing a USD 175 million loss in the same period a year earlier. Kontan reported the result on Monday, November 2, citing stronger production, higher sales and favorable metal prices.

Amman Mineral Internasional stock traded at IDR 3,680 on Lang & Schwarz at 09:14 UTC on Monday, November 2. The available quote was in Indonesian rupiah, and no Xetra comparison is used for the Indonesian listing. Investors can follow the real-time quote of Amman Mineral Internasional stock.

Production and project pipeline

Kontan said nine-month net sales reached USD 3.24 billion, up 494 percent year over year. Copper cathode contributed USD 1.38 billion, refined gold USD 772 million and concentrate USD 1.08 billion.

Production also accelerated. Gold concentrate guidance was raised to 775,000 ounces for 2026, while targets call for 130,000 tonnes of copper cathodes and 350,000 ounces of refined gold. The Batu Hijau mine remains central to current operations, while the Elang project is being developed as a longer-term replacement source; first ore production is targeted for 2031-2032.

Amman Mineral's operating model

Amman Mineral Internasional operates across exploration, mining, processing and smelting in Indonesia. Its businesses include the Batu Hijau copper and gold mine, copper cathode and precious-metals refining, LNG infrastructure and operational support services.

The company produces copper concentrate enriched with gold and silver and is expanding downstream processing through its smelter and precious-metals refinery. Its profile describes Elang as a major undeveloped copper and gold deposit, giving the group a combined mining and processing focus.