Saudi Gold Miner Ma’aden Begins Commercial Production

Saudi Arabian Mining Co. (Ma’aden) has announced that commercial output had commenced at the Ad Duwayhi gold mine in western Saudi Arabia. The mine will produce an estimated 180,000 ounces over the life expectancy of the mine, reaching full capacity by the end of this year. The financial effect of the output would begin to appear in the second-quarter financial results. As of December 31, 2015, the company had 1.9 million ounces in reserves. The open-pit operation includes a conventional gold extraction process plant with crushing and milling facilities, gravity concentration and smelting facilities to produce gold doré on site, before transport to Jeddah.

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