Our Business

 

Gold and Base Metals

 

Gold enjoys a special status at Ma'aden as it was the first commodity mined by the company. It provided the foundation of our subsequent growth and diversification into the base metals. The Mahad Ad Dhahab mine (‘cradle of gold’) is perhaps our most well-known operation. It has a history reaching back to the beginning of recorded time, with the evidence which suggested that the operation was actively mined as early as 3000 years ago. Ma’aden Gold and Base Metals company (MGBM), a wholly owned subsidiary of the broader Ma’aden organization, produced over 400,000 ounces of gold in 2018. Gold accounts for the majority of MGBM's revenue, with copper, silver, and zinc accounting for the remainder.

Gold deposits are located throughout the Central Arabian Gold Region (CAGR), a geological area extending from the Red Sea coast to the middle of the country. Development of the CAGR is challenging due to its remote location and limited water availability.

Ma'aden has enabled the opening of new mines by developing a 450 km water pipeline, based at Ateef, to bring treated wastewater from the municipality of Taif to our mine sites. This environmentally sustainable solution is the first instance of the large-scale use of treated waste water for industrial purposes in the Kingdom.

MGBM operates six gold mines (Ad Duwayhi, Mahd Ad Dhahab, Al Amar, Sukhaybarat, Bulghah and As Suq) and one copper mine as a joint-venture (Jabal Sayid).