Heavy activity on Saudi -"Maaden" share to gold and copper discoveries

The share of the Saudi Arabian mining company (Maaden) was active in the trading of the Saudi stock market on Wednesday to hold third position under the most valuable shares, which coincide with the company’s announcement of new discoveries of gold and buyer within its privileges in the kingdom. “Maaden” shares rose by 1.07% by 1:15 p.m. to 47.25 Riyals. The company said it discovered wide intersections for the deposits of gold and copper in degrees that could be withdrawn in the Shaiban and Wadi Al -Jawal regions, at a close depths that vary between 20 and 200 meters in the two sites. ‘Maaden’ added that it also reached a ‘strong presence’ of the gold metal in a Mansoura mine and a grief under the current drilling area, and an extension of high quality in the depth, and notes that the formations outside the previously identified metal ranges and depths of up to 220 meters. But she added that the exploration project in the three regions is still in the early stage and that it is still developing and deepening its understanding of the region where mining activities take place, as it is not to adequate information to estimate the size and quality of the metal or metal sources. Therefore, there is currently work to evaluate and explain the available information so far to be guided by the excavation activities that will be implemented in 2025. As a result, it has not yet limited the financial impact of discoveries, “according to the company.