

The Pani Gold Mine hosts one of Indonesia’s largest gold reserves, with the potential for large-scale production and a multi-decade mine life. Located in Pohuwato Regency, Gorontalo Province, the open-pit mine, operated by Merdeka Gold Resources (EMAS), commenced mining on 1 October 2025 and poured its first gold in the first quarter of 2026.
The Pani Gold Mine is being developed in phases. The initial phase employs heap leach processing with a capacity of 8 million tonnes of ore per annum, with plans to increase capacity to 10 million tonnes per annum. The next phase includes the development of a Carbon-in-Leach (CIL) processing facility with a capacity of 12 million tonnes of ore per annum. At full capacity, the Pani Gold Mine is expected to produce approximately 500,000 ounces of gold per year.
Drawing on its experience operating the Tujuh Bukit Gold Mine in Banyuwangi, East Java, the Merdeka Group is committed to developing the Pani Gold Mine responsibly to deliver long-term benefits for Gorontalo and Indonesia.


