“Ma’aden” starts commercial production at Mansoura and Masara gold mine factory

The Saudi Arabian Mining Company (Maaden) announced the start of commercial production at the Mansoura and Masarah gold production plant.

The company expected that the financial impact of commercial production on the company’s financial results would appear in the first quarter of this year.

This came in reference to the company’s earlier announcement that its subsidiary, Ma’aden Gold and Base Metals Company, had signed an engineering and procurement contract with the Outotec, Larsen and Toubro group for the purpose of establishing a factory in the Mansoura and Masara mine to produce gold.