Gold Mining Company Announces New Gold Resources – 7.8 Million Ounces
- - Ma'aden announced the addition of 7.8 million ounces of gold reserves at its Mansoura and Mahd Ad Dahab mines, bringing the total proven and probable reserves to...
- This increase is attributed to the success of the exploration program and the updated geological model, Ma'aden said in a statement.
- Ma'aden is the largest mining company in the Middle East and a leading producer of gold, copper, and phosphate.
Saudi Arabian Mining Co. – Ma’aden announced the addition of 7.8 million ounces of gold reserves at its Mansoura and Mahd Ad Dahab mines, bringing the total proven and probable reserves to 29.8 million ounces.
This increase is attributed to the success of the exploration program and the updated geological model, Ma’aden said in a statement. The company expects the new reserves to extend the life of the mines and enhance their profitability.
Ma’aden is the largest mining company in the Middle East and a leading producer of gold, copper, and phosphate. The company is 60% owned by the Saudi Arabian government and 40% by private investors.
Regarding any events or essential developments when available.
In a press statement, Ma’aden clarified details about the new discoveries, stating that the latest mineral resources are in the Mansoura and Masara mine currently belonging to the company.
Al Minaa continues drilling operations to test further growth potential in the Wadi Al Jow and surrounding areas, including Jabal Wela.Initial results indicate a target range of 87,000 to 256,000 ounces of gold.
“We are very pleased with the results to date,” said[NameandTitle-[NameandTitle-[NameandTitle-[NameandTitle-link to source article needed].”These findings demonstrate the significant potential of the Wadi Al Jow region and reinforce our commitment to expanding our gold resources in Saudi Arabia.”
Drilling at Jabal Wela has focused on expanding the known mineralization footprint. Al Minaa plans to release a detailed resource estimate in the coming months. The company is also exploring additional targets within its extensive land package in the region.
This exploration builds on Al Minaa’s existing operations in Saudi Arabia, where it currently produces[[[[Production figures as of 2026/01/13 needed]of gold annually. The company is investing heavily in exploration to increase its reserves and production capacity.[[[[Link to Al Minaa investor relations page needed]
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