HK Stock Market Move | Merdeka Gold-DRS (06228) rose nearly 9% again as its subsidiary, the Pani gold mine, the largest primary gold mine in Indonesia, has officially commenced production.

Merdeka Gold-DRS (06228) has risen nearly 9%, currently up 6.67% at HKD 32, with a transaction volume of HKD 29.9848 million. Public information shows that Merdeka Gold is a gold mining company listed on the Indonesia Stock Exchange and one of Asia's leading pure gold producers. Its core asset, the Pani gold mine, is the largest primary gold mine in Indonesia, and is expected to rank among Asias top two primary gold mines in terms of production by 2030. The company is a subsidiary of Indonesian mining group MCG Holdings, which holds approximately 63.33% of its shares. The Pani gold mine achieved its first gold production in February 2026. It is reported that the Pani gold mine completed its first gold casting in February 2026 and achieved its first sales in March. In the first quarter, it produced 1,818 ounces of gold and sold 516 ounces, generating revenue of USD 2.6 million, marking the transition of Pani from a large resource project to the commercial production stage. According to the company's plan, the annual gold production of Pani is expected to peak at approximately 545,000 ounces around 2031.