In early July, BUMI's share price fell 19% from its highest level this year.

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Viva Budy Kusnandar 07/07/2022 15:10 WIB

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As of July 6, 2022, Bumi Resources' share price has fallen 19% from its year-to-date high.

PT Bumi Resources Tbk Stock Price Movement (January 3 – July 6, 2022)

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In early July, BUMI's share price fell 19% from its highest level this year.

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PT Bumi Resources Tbk Stock Price Movement (January 3 – July 6, 2022)

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PT Bumi Resources Tbk (BUMI) share price closed down 1.42% to Rp69 per share on Wednesday (6/7/2022), compared to the previous day.

Compared to its highest position since the beginning of this year, which was Rp86 per share on February 15, 2022, BUMI's share price has now fallen by 19.77%.

However, compared to the end of 2021, the mining company's share price still recorded a 2.98% increase (year to date/ytd).

BUMI's coal production this year has reportedly been hampered by the La Niña phenomenon and high rainfall.

Although the first-half 2022 operational performance results have not yet been released, BUMI's Director and Corporate Secretary Dileep Srivastava estimated that the volume of coal mining and sales in the last 6 months reached approximately 35-36 million tons.

BUMI is now targeting coal production of between 79-83 million tons throughout 2022. This target is higher than in 2021, but still below the previously set 2022 target of 81-86 million tons.

"If the La Niña rains subside, we hope to achieve the 2022 guidance as outlined. We are on track to meet the DMO," said Dileep, as reported by Kontan.co.id, Wednesday (6/7/2022).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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In early July, BUMI's share price fell 19% from its highest level this year.

In early July, BUMI's share price fell 19% from its highest level this year.

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In early July, BUMI's share price fell 19% from its highest level this year.

In early July, BUMI's share price fell 19% from its highest level this year.

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