Saudi Arabia Extracts 221,000 Kilograms of Gold

Saudi Arabia’s state-owned mining company Ma’aden has extracted a total of 7.8 million ounces of gold from four newly developed mining areas, equivalent to approximately 221,000 kilograms of gold (based on 35 ounces per kilogram), the company has announced.

The large-scale gold extraction is expected to further strengthen Saudi Arabia’s domestic mineral reserves and accelerate Ma’aden’s efforts to establish itself as a world-class gold mining company.

The newly extracted gold has been added to Ma’aden’s reserves through targeted mining operations. Initially, the company had set a production target of more than 9 million ounces, but the final target was revised downward in line with annual accounting standards.

The gold was extracted from the Mansourah Massarah, Uruk 20/21, Umm as-Salam, and Wadi Al Jaw mines. The highest volume came from the Mansourah Massarah mine, which produced 3 million ounces of gold. The Uruk 20/21 and Umm as-Salam mines together yielded 1.67 million ounces, while the newly developed Wadi Al Jaw mine contributed 3.08 million ounces. This marks the first time gold has been extracted from the Wadi Al Jaw site.

Commenting on the development, Ma’aden Chief Executive Officer Bob Wilt said the results clearly demonstrate that the company’s long-term strategy is delivering results on the ground. “This is precisely why we continue to make substantial investments in Saudi Arabia’s gold reserves,” he said.

Wilt added that extracting more than 7 million ounces of gold from four locations highlights Ma’aden’s strong potential in gold production. “As we advance exploration and mine development activities, our asset base continues to grow. This growth will support stronger cash flows in the future,” he said.