Saudi Arabia

Jabal Sayid Mine

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Categories

Overview

Mine TypeUnderground
Commodities
  • Copper
  • Gold
Mining Method
  • Longhole open stoping
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ShapshotJabal Sayid Lode 1 is a new ore body located less than 1 km from the existing Jabal Sayid Lode, which is currently being mined.

The scope of Jabal Sayid Lode 1 project is to develop and mine a new orebody. The project design includes underground capital development as well as ventilation, paste plant and underground mining infrastructure upgrades where stoping commenced during the third quarter of 2023. The up-cast ventilation raise bore shaft is fully equipped and the reaming of the fresh air ventilation shaft has been completed. The reagent plant and direct flow reactor has been commissioned with optimization ongoing. Civil, mechanical and electrical construction for the new paste plant is progressing well.

Owners

SourceSource
CompanyInterestOwnership
Barrick Gold Corp. (operator) 50 % Indirect
Maaden Saudi Arabian Mining Co. 50 % Indirect
Ma’aden Barrick Copper Company is the owner of the Jabal Sayid Project in Saudi Arabia. The company is a 50/50 joint venture between Ma’aden and Barrick Gold Corporation Ltd.

Contractors

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Deposit type

  • VMS
  • Volcanic hosted

Summary:

Jabil Sayid is located in the prospective Neo-Proterozoic Arabian Shield. The shield continues west of the Red Sea into Egypt and Sudan as the Nubian shield. The rocks are 600 to 1,000 million years old, and contain two major structurally controlled mineralised zones; the Samran Shayban Mineral Belt, which extends from Sudan, north-east past Mahd Adh Dhahad, and a second, parallel north-east trending Wadi Kamal Mineralised zone, which extend from the Nile valley, in Egypt, into northern Saudi Arabia.

The shield has similarities to many mineralised Proterozoic shields around the world. The Arabian Shield hosts a wide variety of mineral systems including porphyry copper-gold, epithermal gold and volcanic hosted massive sulphide (VHMS) deposits, many of which are gold rich, and Ultramafic hosted nickel-copper deposits.

Jabal Sayid is a volcanic hosted massive sulphide (“VHMS”) system, lying within the Asir volcanic arc. The area is arid and mountainous. Two layers of volcanic rocks form the top of the structure with local deformation resulting in large folds filled with granite complexes. Mineralisation is hosted by felsic volcanic rocks associated with a local paleovolcanic centre and crosscut by intrusions. Three styles of mineralisation have been identified at Jabal Sayid: stockwork zones, massive sulphides and sulphide breccia. Four separate mineralised lodes (Lodes 1, 2, 3 and 4) located within a northeast-trending corridor 1.2 kilometre long and between 200 and 700 metres wide have been identified. The lodes are believed to be restricted to the western flank of a southwest plunging fold.

Lodes 2 and 4 are dominated by chalcopyrite (copper- iron sulphide) rich stockwork mineralisation. Lode 1 mineralisation is predominantly a chalcopyrite stockwork overprint on a massive sulphide, predominantly pyrite, but with significant sphalerite (zinc sulphide).

The mineralisation generally dips steeply west and plunges steeply to the south.

In Lodes 2 and 4, the highest grade mineralisation occurs in extensive copper stockwork domains, which may include some massive sulphide mineralisation from later massive sulphide horizons.

Lode 1 is a steeply plunging massive sulphide body hosted by rhyolitic volcanics and volcaniclastics. It comprises a tabular body of pyrite with strong zinc, elevated gold values and modest copper values. The body is also overprinted by copper stockwork mineralisation.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2024202320222021202020192018201720162015
Copper M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe132110855912
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics20232022202120202019201820172016
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,432 kt2,176 kt2,020 kt1,478 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,284 kt1,948 kt1,634 kt1,276 kt
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Daily mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4.5 kt2.8 kt
Daily processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,474 t3,498 t

Production Costs

CommodityUnits20242023202220212020201920182017
All-in sustaining costs (AISC) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.51 / lb   1.92 / lb   2.3 / lb  
C1 cash costs Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.26 / lb   1.53 / lb   1.7 / lb  
^ Guidance / Forecast.

Operating Costs

Currency20172016
UG mining costs ($/t mined) USD 31.2  37.3  
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe

Financials

Units2023202220212020201920182017
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 46  
Growth Capital M USD  ....  Subscribe  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 315   296   214  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 130   88   60  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 103   78   52  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 17, 2024
....................... Subscription required ....................... Subscription required Subscription required May 17, 2024
....................... Subscription required ....................... Subscription required Subscription required May 17, 2024
....................... Subscription required ....................... Subscription required Subscription required May 17, 2024
....................... Subscription required ....................... Subscription required Subscription required May 17, 2024
....................... Subscription required ....................... Subscription required Subscription required Jun 26, 2023

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2021

Aerial view:

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