Maaden Advances Wadi Al Jaww Exploration and Capital Plans for 2026
Maaden is progressing with the second phase of exploration at Wadi Al Jaww, targeting a completion assessment in Q1 2026. The company is set to invest SAR 15.5 billion ($4.13 billion) in 2026, including SAR 12.6 billion for growth projects.
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Saudi Arabian Mining Company (Maaden) has commenced the second phase of exploration at Wadi Al Jaww, a gold-copper site in the Makkah region, with an economic assessment expected by Q1 2026. In 2026, Maaden plans to allocate SAR 15.5 billion ($4.13 billion) in capital expenditure, focusing on growth projects.
Gold reserves are bolstered by 3.08 million ounces from Wadi Al Jaww, contributing to a total of 7.8 million ounces across four sites. The company’s expansion includes significant drilling efforts across various sites, generating vital geological data.
Continued demand for phosphate, aluminum, and gold is anticipated, with key projects like Phosphate 3 Phase 1 on track for 2026 completion. The ongoing exploration and new joint ventures are expected to enhance long-term resource growth.
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