Saudi Arabia Uncovers Major Gold Deposits in Makkah Region, Boosting Mining Sector Growth

Saudi Arabia has unveiled a significant gold discovery in the Makkah region, located south of the existing Mansourah Massarah mine. Confirmed by the state-owned mining company Maaden, the newly identified high-grade gold deposits stretch across a 100-kilometer area, with drill samples revealing concentrations of up to 20.6 grams per ton.

This find has the potential to expand mining operations, support underground exploration, and contribute to the formation of a 125-kilometer gold belt, further unlocking the region’s mineral wealth. The Mansourah Massarah mine, which currently yields 250,000 ounces of gold annually from a reserve base of seven million ounces, is expected to serve as a central hub in scaling up production.

The discovery aligns with Saudi Arabia’s Vision 2030 strategy, reinforcing the role of mining as a key economic pillar alongside energy and technology. By tapping into its natural resources, the kingdom aims to diversify its economy, attract global investment, and position itself as a competitive player in the global mining sector.