Robert Wilt, CEO ofSaudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) is rolling out a growth program with new targets as part of a strategy update to double gold output by 2030 and develop a rare metals supply chain, CEO Robert Wilt told the Financial Times. 
He said the company will focus on organic growth, using the size of its reserves and the speed at which it can lift production.
“We are focused on speed and scale, making a push that will create a step change,” Wilt said.
Maaden produced 495,000 ounces of gold in 2024, according to Argaam’s data.
Darryl Clark, Maaden’s Senior Vice President of Exploration Resource Development, said the firm invests about SAR 750 million ($200 million) a year in gold and copper exploration.
In January, Maaden reported the discovery of multiple intersections of gold and copper at mineable grades in the Shayban exploration concession.
It also announced new drilling results at the Mansourah-Massarah mine showing strong gold mineralization beneath current zones and high-quality extensions at depth, highlighting future mining potential.
Robert Wilt, CEO ofSaudi Arabian Mining Co. (Maaden)
Saudi Arabian Mining Co. (Maaden) is rolling out a growth program with new targets as part of a strategy update to double gold output by 2030 and develop a rare metals supply chain, CEO Robert Wilt told the Financial Times.
He said the company will focus on organic growth, using the size of its reserves and the speed at which it can lift production.
“We are focused on speed and scale, making a push that will create a step change,” Wilt said.
Maaden produced 495,000 ounces of gold in 2024, according to Argaam’s data.
Darryl Clark, Maaden’s Senior Vice President of Exploration Resource Development, said the firm invests about SAR 750 million ($200 million) a year in gold and copper exploration.
In January, Maaden reported the discovery of multiple intersections of gold and copper at mineable grades in the Shayban exploration concession.
It also announced new drilling results at the Mansourah-Massarah mine showing strong gold mineralization beneath current zones and high-quality extensions at depth, highlighting future mining potential.
