goldresources

Ma’aden Adds ~7.8M Ounces to Saudi Gold Resources

Saudi Arabian Mining Company Ma’aden announced a significant expansion of its gold resource base, adding nearly 7.8 million ounces across multiple sites after recent drilling results.

🔑 Key Facts

• Resource growth driven by drilling at four key areas, led by Mansourah Massarah (+3 M oz)

• Additional gains from Uruq 20/21 & Umm As Salam (~1.67 M oz) and Wadi Al Jaww (~3.08 M oz)

• Drilling confirmed the resource remains open at depth, with continued exploration planned through 2026

Expert Insight
This expansion highlights Ma’aden’s growing role in Saudi Arabia’s push to diversify beyond oil, strengthening its gold pipeline and potentially extending mine life while unlocking future base metals opportunities.

#GoldMining #Maaden #SaudiArabia #GoldResources #commodities $XAG $XAU $PAXG

Ma’aden Adds ~7.8M Ounces to Saudi Gold Resources
Saudi Arabian Mining Company Ma’aden announced a significant expansion of its gold resource base, adding nearly 7.8 million ounces across multiple sites after recent drilling results.
🔑 Key Facts
• Resource growth driven by drilling at four key areas, led by Mansourah Massarah (+3 M oz)
• Additional gains from Uruq 20/21 & Umm As Salam (~1.67 M oz) and Wadi Al Jaww (~3.08 M oz)
• Drilling confirmed the resource remains open at depth, with continued exploration planned through 2026
Expert Insight
This expansion highlights Ma’aden’s growing role in Saudi Arabia’s push to diversify beyond oil, strengthening its gold pipeline and potentially extending mine life while unlocking future base metals opportunities.
#GoldMining #Maaden #SaudiArabia #GoldResources #commodities $XAG
$XAU
$PAXG