Gold producer Merdeka Copper Gold (MDKA) produced 142,468 ounces of gold in 2018 at an all-in sustaining cost (AISC) of US$425/oz. In the fourth quarter (Q4), it produced 61,472 ounces of gold at AISC of US$394.oz. The Company paid debt of US$24.4 million during December quarter. 

MDKA plans to expand the oxide leach capacity, will be completed in first quarter (Q1) this year and are expected to be implemented by end 2018. A contract was awarded to Macmahon Mining Services to develop an exploration decline into the Tujuh Bukit porphyry copper deposit.

MDKA participates in a takeover bid for Finder Resources Limited, owner of Wetar Copper mine.