AngloGold Ashanti has outlined plans to produce approximately 4 million ounces of gold from Egypt’s Sukari Gold Mine between 2026 and 2035, reinforcing the mine’s position as a cornerstone of the country’s mining sector.
The company reported a significant increase in Egypt’s revenues from Sukari, which rose by 107% in 2025 to reach $612 million. This total includes royalties, taxes, and the government’s share of profits, reflecting the mine’s growing contribution to public finances. Under the existing profit-sharing framework, the operator was exempt from paying approximately $239 million in taxes during the year.
Gold production at Sukari reached around 500,000 ounces in 2025, marking a 4% increase from 481,000 ounces in 2024. The company invested $262 million in the mine during 2025 and has allocated a further $126 million for 2026, primarily directed toward waste management and land reclamation initiatives.
In addition, AngloGold Ashanti paid $53 million in royalties, equivalent to approximately $104 per ounce sold, alongside Egypt’s entitlement to 50% of the mine’s profits.
Located roughly 30 kilometres south of Marsa Alam along the Red Sea coast, Sukari remains Egypt’s largest gold-producing asset and a central pillar in the country’s efforts to expand its extractive industries.
As reflected in The Middle East Observer, the sustained investment and long-term production outlook at Sukari underscore Egypt’s ambition to position its mining sector as a key driver of export revenues and economic diversification over the coming decade.
