Saudi Arabian Mining Company (Maaden) has announced a significant gold discovery, with 7.8 million ounces of new gold resources identified across four different locations in the Kingdom. This finding is expected to bolster Saudi Arabia’s efforts to diversify its economy and reduce reliance on oil.
Key Locations of the Discovery
According to Maaden, the new gold resources were found at four primary sites. These locations include Mansourah Massarah, Uruq 20/21, Umm As Salam, and Wadi Al Jaww. The Mansourah Massarah project alone saw a substantial 3.0 million ounce net increase annually.
| Location Name | Significance |
|---|---|
| Mansourah Massarah | 3.0 million ounce net increase annually |
| Uruq 20/21 | Part of new gold resource discovery |
| Umm As Salam | Part of new gold resource discovery |
| Wadi Al Jaww | Part of new gold resource discovery |
Maaden’s Ambitious Exploration Program
This discovery is the result of Maaden’s aggressive exploration drive, involving extensive drilling aimed at boosting domestic mineral reserves. The program highlights the growing potential of the Central Arabian Gold Region.
Boosting Vision 2030 Goals
Officials stated that these findings will strengthen Saudi Arabia’s long-term mining strategy. The discovery also supports the Kingdom’s ambition to become a global mining hub and opens doors for future gold, copper, and nickel development across the country, aligning with Saudi Vision 2030’s economic diversification goals.
Future Prospects and Continued Drilling
Maaden’s drilling activities are expected to continue through 2026. The company anticipates further growth as its understanding of the mineral systems deepens. These findings further solidify the potential of the Central Arabian Gold Region.
