Gold Production in Egypt: How Cairo Plans to Reach 800,000 Ounces Annually

Egypt is working to expand gold production as a key driver for economic growth and foreign currency inflows, with plans to boost output in fiscal year 2025-2026 by 7% to 10%, supported by wide-ranging reforms aimed at improving the mining investment climate.

According to a government official, the Ministry of Petroleum and Mineral Resources is rolling out new incentives, including regulatory upgrades, streamlined licensing procedures, and comprehensive surveys of targeted mining zones, all designed to increase gold production and unlock untapped mineral potential.

The government aims to reach annual output of around 800,000 ounces by 2030, after gold production rose by nearly 14% in the previous fiscal year, alongside expansion plans by global mining companies operating in Egypt.

Authorities also seek to raise the mining sector’s contribution to GDP to 6%, up from about 1% currently, as part of a broader strategy to diversify national income sources, attract foreign direct investment, and strengthen the trade balance.