A BRIEF OVERVIEW
PT Agincourt Resources (PTAR) specialises in gold and silver exploration, mining and processing at the Martabe Gold Mine in South Tapanuli, North Sumatra. PTAR is headquartered in Jakarta and employs over 3,000 workers as of 2024, with more than 99% being Indonesian citizens and over 70% recruited locally. Committed to safe, sustainable operations, PTAR prioritises minimising environmental impact while delivering long-term benefits to local stakeholders.
PT AGINCOURT RESOURCES
SHAREHOLDERS
The Martabe Gold Mine, located in South Tapanuli, North Sumatra, operates across 646.08 hectares as of December 2024. Since production began on 24 July 2012, the mine has processed over 6 million tonnes of ore annually, producing more than 200,000 ounces of gold and 1–2 million ounces of silver annually.
The Martabe Gold Mine operates under a 30-year Contract of Work (CoW) with the Indonesian Government. Initially spanning 6,560 km² in 1997, the concession area has been refined to 130,252 hectares (1,303 km²), encompassing South Tapanuli, Central Tapanuli, North Tapanuli and Mandailing Natal.
As of June 2024, the mine’s mineral resources were estimated at 6.1 million ounces of gold and 59 million ounces of silver, while ore reserves were calculated at 3.2 million ounces of gold and 32 million ounces of silver.
