Indonesian miner PT Merdeka Gold Resources has hired investment banks to prepare for a Hong Kong listing, according to people familiar with the matter. This move comes as gold prices hit fresh records, boosting the appeal of mining ventures. The company is positioning itself to tap into Asian capital markets during a strong cycle for the precious metal.

A Hong Kong IPO would give Merdeka Gold access to a deep pool of international investors and potentially higher valuations than its local exchange. The timing aligns with a broader trend of Southeast Asian resource companies seeking listings in financial hubs to fund expansion and improve liquidity. It also reflects Hong Kong's continued role as a key gateway for Chinese and regional capital.

Bankers will now work on structuring the deal, which could value the company based on its reserves and production outlook. Investors will watch for the offering's size and pricing, which could set a benchmark for other miners. Success in Hong Kong could spur more Indonesian resource firms to follow suit, seeking capital for growth amid sustained gold demand.