Disclosure of Details of Largest Gold Mine That Makes ‘Millions of Dollars’ Profits for Egypt

Al-Marsad Journal: Youssef Al-Rajhi, CEO of Pharaonic Gold Mining Company “Centamin Egypt”, revealed that Egypt’s total share of profits from Sukkari gold project amounts to date to about $ 550 million.

Al-Rajhi has confirmed the regularity of production operations at the Sukkari gold project, in execution of the targeted plan to produce between 400,000 and 430,000 ounces by the end of this year. According to the site “Mal”

The Sukari mine is located in the Eastern Desert, and the Mineral Resources Authority signed an agreement with the Pharaonic Gold Mines Company in 1994, and the commercial discovery was announced, and a company was formed to conduct operations under the name “Al Sukari Gold Mines”, and production started in 2010 as a joint entity.

Al-Rajhi revealed last month that the diabetes project’s total spending since its inception has so far amounted to around $ 4.5 billion.