PT Aneka Tambang Tbk (Antam)'s gold sales volume surged in the third quarter of 2022.
According to the company's unaudited report, Antam sold 12,462 kilograms of gold in Q3 2022, a 91% year-on-year (YoY) increase compared to Q3 of the previous year.
Cumulatively, from January to September 2022, Antam sold 25,931 kilograms of gold. This figure also represents a 31% YoY increase compared to the same period last year.
"In 2022, Antam will focus on expanding its customer base in the domestic market, in line with the growing public awareness of gold investment and the increasing domestic demand for gold," stated Antam's management in its report.
"In line with the company's goal of facilitating customer access, Antam conducts precious metal sales through marketplaces such as Tokopedia, Shopee, and TikTok Shop, in addition to its official online sales site at www.logammulia.com," it continued.
Despite the increase in sales, Antam's gold production volume decreased this year.
From January to September 2021, Antam produced 1,161 kilograms of gold. However, in the same period this year, its gold production fell to 967 kilograms.