Monday, 25 May 2026
Egypt’s Sukari Gold Mine boosts output by 9% in first half of 2025
Egypt’s Sukari Gold Mine increased its gold production by 9% in the first half of 2025, reaching 246,000 ounces compared to 225,000 ounces during the same period last year, according to AngloGold Ashanti. The mine’s second quarter output rose to 129,000 ounces, up from 120,000 ounces in Q2 2024.
AngloGold Ashanti, which operates the Sukari mine, paid $24 million in royalty fees to Egypt during the first half of 2025, representing 3% of gold sales. Additional profit-sharing with Egypt was not disclosed.
Sukari gold sales in the first half totaled around $780 million, generating $412 million in gross profit. AngloGold invested approximately $125 million into the mine, including $69 million for maintenance and $56 million for other capital expenditures.
In July, AngloGold Ashanti signed a new mining exploitation agreement with Egypt’s government and the Egyptian Mineral Resources Authority. The deal, approved by Egypt’s parliament and awaiting presidential ratification, covers exploration licenses for Centamin Central Mining. A similar agreement for Centamin North Mining is expected to be finalized in late 2025.
The new model offers foreign miners contractual protections above local law in case of conflicts, reflecting Egypt’s push to provide an attractive and stable investment environment for the global mining industry.