Egypt's Mineral Revenues Surge 131% Amid Gold Production Growth
Revenue boost driven by increased gold and silver output, minister says
Egypt's revenues from mineral wealth development witnessed a significant increase of 131 percent year-on-year to nearly $446 million in the fiscal year 2024/2025.
This surge has been primarily attributed to robust growth in gold and silver production.
According to Minister of Petroleum and Mineral Resources Karim Badawi, who addressed the Egypt Mining Forum 2025, the output of gold and silver reached 640,000 ounces during this period, reflecting a 14 percent increase compared to the previous period.
These increased production levels resulted in $1.54 billion in sales, representing a 57 percent annual growth.The minister attributed these gains to both higher production volumes and stronger export performance.
Egypt's mining sector is undergoing a transformative phase under the Vision 2030 agenda, aiming to position the country as a regional hub for mineral exploration while enhancing its contribution to the gross domestic product through sustainable and environmentally responsible practices.Badawi highlighted Egypt's strategic advantages, including its unique geographic location and extensive infrastructure, alongside its rich mineral resources such as gold, copper, silver, zinc, platinum, and other precious and base metals.
The government is actively engaging with international partners to foster investment in this sector.Significant developments include the signing of a framework agreement between the Ministry of Petroleum and Mineral Resources, the Mineral Resources and Mining Industries Authority, and Canada's Barrick Mining Corporation.
This collaboration underscores Egypt's attractiveness for international investors and its goal to establish a prominent position on the global mining investment map, aligned with sustainable development principles.Furthermore, the country saw an increase in ore and mineral production, reaching 26 million tonnes—a 39 percent rise from the previous year—and exported 1.4 million tonnes of ores and mining products during 2024/2025, generating $52.5 million in export revenues.
These numbers demonstrate Egypt's growing presence in the global minerals market.At the forum, the ministry entered into licensing agreements with major international mining companies to enhance exploration efforts.
Centamin Central, a subsidiary of South African-based AngloGold Ashanti, and Canada-based Barrick signed contracts aimed at expanding operations within Egyptian territories.
These agreements highlight the confidence of international firms in Egypt's investment climate, reflecting the government's successful strategy of attracting foreign investments.
This surge has been primarily attributed to robust growth in gold and silver production.
According to Minister of Petroleum and Mineral Resources Karim Badawi, who addressed the Egypt Mining Forum 2025, the output of gold and silver reached 640,000 ounces during this period, reflecting a 14 percent increase compared to the previous period.
These increased production levels resulted in $1.54 billion in sales, representing a 57 percent annual growth.The minister attributed these gains to both higher production volumes and stronger export performance.
Egypt's mining sector is undergoing a transformative phase under the Vision 2030 agenda, aiming to position the country as a regional hub for mineral exploration while enhancing its contribution to the gross domestic product through sustainable and environmentally responsible practices.Badawi highlighted Egypt's strategic advantages, including its unique geographic location and extensive infrastructure, alongside its rich mineral resources such as gold, copper, silver, zinc, platinum, and other precious and base metals.
The government is actively engaging with international partners to foster investment in this sector.Significant developments include the signing of a framework agreement between the Ministry of Petroleum and Mineral Resources, the Mineral Resources and Mining Industries Authority, and Canada's Barrick Mining Corporation.
This collaboration underscores Egypt's attractiveness for international investors and its goal to establish a prominent position on the global mining investment map, aligned with sustainable development principles.Furthermore, the country saw an increase in ore and mineral production, reaching 26 million tonnes—a 39 percent rise from the previous year—and exported 1.4 million tonnes of ores and mining products during 2024/2025, generating $52.5 million in export revenues.
These numbers demonstrate Egypt's growing presence in the global minerals market.At the forum, the ministry entered into licensing agreements with major international mining companies to enhance exploration efforts.
Centamin Central, a subsidiary of South African-based AngloGold Ashanti, and Canada-based Barrick signed contracts aimed at expanding operations within Egyptian territories.
These agreements highlight the confidence of international firms in Egypt's investment climate, reflecting the government's successful strategy of attracting foreign investments.
