Maaden to launch commercial production of its al-Souq gold mine shortly, CEO

Saudi Arabian Mining Company, Ma’aden, which is 67 percent owned by the Saudi government, will launch commercial operation of its al-Souq gold mine in Mecca province soon, Maaden’s Chief Executive Officer Khalid al-Mudaifer said during a company gathering in Jeddah.

 Al-Souq mine is expected to produce 22,500 ounces of gold a year, according to Argaam.

 Production at al-Duwaiyhi mine will start operation next year as scheduled, Mr al-Mudaifer added.

 He also added that the company is conducting a real geophysical surveying of an area of 44,000 KM and some regions were chosen for mining. Also, drilling operations have taken place to extend the lives of al-Amaar and Mahd al-Dahab mines.