{"id":104068,"date":"2026-01-14T00:00:00","date_gmt":"2026-01-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104068"},"modified":"2026-01-14T04:07:01","modified_gmt":"2026-01-14T04:07:01","slug":"drilling-push-pays-off-with-more-gold","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/14\/drilling-push-pays-off-with-more-gold\/","title":{"rendered":"Drilling push pays off with more gold"},"content":{"rendered":"

Saudi Arabian Mining Company (Maaden) added 7.8 mn ounces to its gold <\/strong>mineral resources<\/strong>, powered by targeted drilling at four key sites, the company said in a statement (pdf)<\/a> to Tadawul earlier this week. The growth was led by the Kingdom\u2019s largest gold mine, Mansourah Massarah, in Makkah Province and the new Wadi Al Jaww discovery<\/a> in the Arabian Shield.<\/p>\n

The breakdown: <\/strong>Mansourah Massarah added 3 mn ounces y-o-y, bringing its total mineral resource estimate to 10.4 mn ounces. The deposit remains \u201copen at depth,\u201d with studies underway to evaluate underground mining as a complement to the existing open-pit operations. Meanwhile, at Wadi Al Jaww, the company defined 3.1 mn ounces of gold after completing around 55 km of drilling over a year.<\/p>\n

A potential regional processing hub is coming into focus.<\/strong> Satellite deposits Uruq 20\/21 and Umm As Salam added 1.7 mn ounces combined, all within trucking distance of Mansourah Massarah, raising the prospect of expanding the mine into a broader regional processing hub.<\/p>\n

Looking for even more gold<\/p>\n

The latest additions reflect the payoff from an aggressive exploration push.<\/strong> Maaden completed 221 km of advanced drilling in the Central Arabian Gold Region, uncovering new mineralized zones, while near-mine drilling at the historic Mahd mine extended its known resource potential. The company also reported a new gold discovery at Ar Rjum North, while early results from Jabal Shayban and Jabal Al Wakil indicate promising potential for copper, nickel, and platinum group elements.<\/p>\n

Exploration will continue through 2026<\/strong>, with Maaden highlighting the largely underexplored Arabian Shield as a key source of future upside.<\/p>\n

\n

A long game <\/p>\n

The exploration drive is part of a \u201cstrategy refresh\u201d to unlock the Kingdom\u2019s untapped<\/strong> mineral wealth.<\/strong> Maaden aims to double gold production by 2030 while also laying the groundwork for a domestic rare earths supply chain in a program Maaden CEO Bob Wilt said in September<\/a> would \u201cblow people\u2019s hair back.\u201d<\/p>\n

The company plans to invest around USD 2.5 bn annually over five years<\/strong> in copper, gold, and rare earth projects, drawing on Saudi Aramco\u2019s geological data to identify new exploration targets.<\/p>\n

What they said: <\/strong>\u201cThe results leave no doubt that the company\u2019s long-term strategy is working on the ground. This is exactly why we continue to invest heavily in Saudi Arabia\u2019s gold endowment,\u201d Wilt said in the statement. \u201cThe addition of more than 7 [mn] ounces [\u2026] demonstrates the scale and ongoing potential of Maaden\u2019s gold portfolio,\u201d he added.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

New discoveries in the Kingdom\u2019s largest gold mine, Mansourah Massarah, and satellite mines could turn it into a broader regional processing hub<\/p>\n","protected":false},"author":1,"featured_media":104069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4693],"tags":[10,50,1912,4692],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-enterpriseam-ksa","tag-mining","tag-saudi-arabian-mining-company-maaden","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"0cb703f5-8a22-4822-9053-d0f6ef5e3f03","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/153.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Maaden strikes gold as drilling delivers 7.8 mn ounces","related_issue":[104063],"teaser":"New discoveries in the Kingdom\u2019s largest gold mine, Mansourah Massarah, and satellite mines could turn it into a broader regional processing hub"},"yoast_head":"\nDrilling push pays off with more gold - 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