J Resources Posts Huge 38% Growth in Revenue
Jakarta. Listed gold miner J Resources Asia Pasifik reported a double-digit increase in revenue over the first quarter of this year, bolstered by solid growth in production for the company.
In a filing to the local stock exchange on Monday, the company reported $79.1 million in revenue between January and March this year, or 38 percent higher than the $57 million in the same period the year before.
Production at J Resources grew 87 percent to 66,000 ounces of gold so far this year, from 42,000 ounces the year before, according to the filing.
The gold miner has targeted to book $269 million in revenue this year, up 6 percent from $280 million last year.
J Resources invests in and manages businesses in gold and other precious metals within Asia and Australia.
Source: The Jakarta Globe