Jakarta, July 3 -- PT Amman Mineral Internasional Tbk. (AMMN) is poised for stronger long-term earnings as downstream processing reshapes its business, with higher-value copper cathode and refined gold expected to drive growth, BRI Danareksa Sekuritas said.

The brokerage said AMMN's copper smelter and Precious Metal Refinery (PMR) produced about 27,700 metric tons of copper cathodes and 66,200 ounces of refined gold in the first quarter of 2026.

The report, received Friday, said AMMN is shifting from a copper concentrate exporter to an integrated metals producer focused on internationally certified copper cathodes and refined gold.

Analyst Andhika Audrey Eko Nugroho said the transition would increase value-added production while improv...