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INITIAL PUBLIC OFFERING (IPO) - SINGAPORE. Indonesia's PT Merdeka Gold Resources has filed for a Hong Kong listing, seeking to broaden its investor base and tap offshore capital as it ramps up production at its flagship Pani gold mine, according to an exchange filing.
Merdeka Gold Resources, which is already listed in Jakarta, said the Hong Kong listing would raise its profile with international institutional investors, it said in the filing to the Hong Kong stock exchange dated Friday.
It reported a 2025 net loss of $27.5 million, up from $12.7 million in 2024.
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UBS and Citic Securities are the joint sponsors, according to the filing
The company said in the filing that the Pani Gold Mine in Gorontalo is Indonesia's largest primary gold mine by resources and reserves, holding 7 million ounces of gold in mineral resources and 5.2 million ounces in ore reserves.
