Egypt Gold Production Targets 800,000 Ounces Annually with Mining Reforms

Gold production in Egypt is entering a major expansion phase, driven by comprehensive government reforms aimed at strengthening the mining sector and attracting foreign investment.

Authorities plan to increase gold production during the 2025-2026 fiscal year by between 7% and 10%, in line with expansion plans by global mining companies operating across concession areas.

The Ministry of Petroleum and Mineral Resources aims to raise annual gold production to around 800,000 ounces, alongside 30 million tons of other minerals by 2030, following a nearly 14% increase recorded in the previous fiscal year.

This strategy is supported by legislative and regulatory reforms designed to enhance the competitiveness of the mining sector, streamline licensing procedures, launch new international tenders, and conduct advanced geological surveys in targeted zones.

Egypt also plans to increase the mining sector’s contribution to gross domestic product to about 6%, up from 1% currently, as part of efforts to diversify national income sources and boost foreign currency revenues, with gold seen as a key high-value resource.

The government is targeting up to $1 billion in direct investment by 2030 to finance exploration and extraction activities, ensuring sustainable gold production growth and strengthening Egypt’s position on the global mining map.