News & Press Release - Golden Energy Mines

On May 15, 2025, PT Golden Energy Mines Tbk held its Annual General Meeting of Shareholders, which approved the 2024 financial statements, declared a final dividend of USD 110 million, confirmed changes in the Board of Directors, and granted authority for the appointment of auditors and adjustments to the Company's Articles of Association.

PT Golden Energy Mines Tbk, through its Annual General Meeting of Shareholders on 16 May 2024, approved the 2023 financial statements, declared a final dividend of USD 85 million, amended the Articles of Association, and announced changes in the Board of Commissioners and Directors.

PT Golden Energy Mines Tbk, through its Extraordinary General Meeting of Shareholders on 4 October 2023, approved amendments to the Articles of Association and granted authority to the Board of Directors to encumber more than 50% of the Company's net assets as security for current and future financial facilities.

PT Golden Energy Mines Tbk, at its Annual General Meeting of Shareholders on 22 June 2023, approved the 2022 financial statements, a final dividend of USD 420 million, retained earnings allocation, and granted authority for determining directors' remuneration and appointing auditors for 2023.

PT Golden Energy Mines Tbk, during its Extraordinary General Meeting of Shareholders on 22 November 2022, approved several management resignations and new appointments to the Board of Commissioners and Directors, effective until the 2026 Annual General Meeting.

PT Golden Energy Mines Tbk, through its Extraordinary General Meeting of Shareholders on July 29, 2022, approved board changes, including the resignation of Mr. Megha Shyam Kada and Mr. Fuganto Widjaja, and the appointment of Mr. Venkataramani Ranganathan and Mr. Alex Sutanto as their successors.

PT Golden Energy Mines Tbk held its Annual General Meeting of Shareholders on 24 May 2022, approving the 2021 financial report, final dividend distribution of USD330 million, and appointing a new independent public accountant for the 2022 fiscal year.

PT Golden Energy Mines Tbk (GEMS) reported a record quarterly net profit of US\$48.964 million for Q1 2018, driven by a 92% revenue surge from higher sales volume and coal prices, with production reaching 4.7 million tonnes and a strong cash position of US\$196.941 million.

PT Golden Energy Mines Tbk, in its Annual General Meeting on May 3, 2018, approved the 2017 financial statements, dividend distribution, board changes, and auditor appointment.