In today’s briefing:
- BRMS (IDX: BRMS) – Transitioning to a Mid-Tier Gold Producer
BRMS (IDX: BRMS) – Transitioning to a Mid-Tier Gold Producer
- Business Performance – BRMS has delivered explosive revenue and earnings growth, with Citra Palu now producing ~100k oz gold annually at strong margins.
- Plans – The company is expanding with a third plant at Citra Palu in 2025 and developing the Gorontalo copper-gold project for 2027.
- Growth & Valuation – With ~8 Moz in reserves and NAV leverage, BRMS is positioned to double revenues post-2027, though current valuations already embed high expectations.
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