Freeport Indonesia Sells 33 Tonnes of Gold Throughout 2025

Jakarta, CNBC Indonesia - PT Freeport Indonesia (PTFI) recorded production and sales performance throughout 2025 that did not fully meet the targets set in the 2025 Work Plan and Budget (RKAB). This situation was partly influenced by an operational incident that occurred in September 2025.

PTFI President Director Tony Wenas explained that copper sales volume only reached 1.2 billion pounds, or about 71% of the 1.7 billion pound target. Meanwhile, gold sales were recorded at 1.1 million ounces or 33 tonnes, approximately 49% of the 2025 target of 2.2 million ounces or 67 tonnes.

According to him, the failure to meet these targets was due to a wet material slide incident on 8 September 2025, which impacted mine operations and caused production to decline.

“Indeed, when the incident occurred, we stopped all operational activities across the entire mine. So it was a complete halt, and we only resumed mining on 20 October 2025 after all the victims were found and escorted back to their respective resting places,” Tony said during a Hearing with Commission VII of the House of Representatives (DPR RI), on Monday (13/4/2026).

Nevertheless, rising commodity prices managed to support the company’s revenue. For example, the average copper price reached US$4.53 per pound, or 121% of the RKAB assumption, while the gold price surged to US$3,418 per ounce, or 180% of the target.

In line with this, Freeport’s sales revenue throughout 2025 was recorded at US$8.6 billion, or 83% of the target. This achievement then impacted state receipts, which reached US$4.3 billion, or 116% of the plan.

“And from those results, state receipts in 2025 could reach 4.3 billion dollars, even above the work plan because there is corporate income tax that we have to pay monthly in instalments every month, the amount of which is based on the 2024 results,” he stated.