Overview
| Stage | Production |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Processing |
|
| Production Start | 2014 |
| Mine Life | 2026 |
Source:
p. 19,48
Ma’aden Gold and Base Metals company (MGBM) is a wholly owned subsidiary of Maaden Saudi Arabian Mining Co. (Ma’aden), operates five gold mines, i.e. Mahd Ad-Dahab, Al-Amar, Bulghah, As-Suq and Ad-Duwayhi and a processing plant at Sukhaybarat.
Contractors
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Summary:
Gold mineralization is localized in narrow, shallow dipping quartz veins associated with a north-south trending zone of flat-dipping quartz veins and associated stringer zones within sediments and volcanic altered to make Al Siham Formation. The mineralized quartz vein system extends over a horizontal length of approximately 1.2 kilometres and to a vertical depth of at least 120 meters. The sediments hosting the mineralization consist of clay and sand stones.
Summary:
As Suq is an open pit gold mine that commenced production in 2014.
Source:
Summary:
As Suq low grade ore is mined and processed on site using heap leach technology. The gold is produced and sold as dore bars.
Recoveries & Grades:
| Commodity | Parameter | 2018 | 2017 | 2016 | 2015 | 2014 |
|
Gold
|
Recovery Rate, %
| 56 | 58 | 63.1 | 70.3 | 69.3 |
|
Gold
|
Head Grade, g/t
| | 1.37 | 1.15 | 1.14 | 1 |
Production:
| Commodity | Units | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|
Gold
|
oz
| ...... | ...... | 27,536 | 29,520 | 24,170 | 22,239 | 14,427 |
All production numbers are expressed as metal in doré.
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Operational Metrics:
| Metrics | 2017 | 2016 | 2015 | 2014 |
|
Ore tonnes mined
| 1,102,399 t | 1,020,188 t | 1,043,519 t | 838,016 t |
|
Waste
| 3,683,990 t | 3,713,121 t | | |
|
Tonnes milled
| 1,217,376 t | 1,100,672 t | 949,981 t | 758,328 t |
Reserves at December 31, 2020:
| Category | Tonnage | Commodity | Grade | Contained Metal | Recoverable Metal |
|
Probable
|
6.6 Mt
|
Gold
|
1.3 g/t
|
0.28 M oz
|
0.16 M oz
|
|
Indicated
|
7.5 Mt
|
Gold
|
1.4 g/t
|
|
|
|
Inferred
|
2.5 Mt
|
Gold
|
1.4 g/t
|
|
|
|
Total Resource
|
10 Mt
|
Gold
|
1.4 g/t
|
0.44 M oz
|
|
Financials:
| | Units | 2017 | 2016 | 2015 |
|
Revenue
|
M SAR
|
140.1
|
112.6
|
96.5
|
Corporate Filings & Presentations:
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Aerial view:
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