Saudi Arabia’s Gold Resource Expansion in Arabian Shield
- Saudi Arabia’s state-backed miner Ma’aden expanded its gold resource base by 7.8 million ounces.
- The expansion was achieved through new discoveries and drilling across four regions.
- A significant portion of the increase, 3 million ounces, was led by the Mansourah Massarah site.
Saudi Arabian Mining Company has significantly increased its gold resources, highlighting the potential for multi-commodity development in the Arabian Shield region.
The discovery of an additional 7.8 million ounces of gold underscores Saudi Arabia’s strategic shift from oil dependency to diversifying its natural resource base. (Source)
