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Saudi Arabian Mining Company (Ma'aden) Announces an Update on the Latest Developments Regarding the Contract with Outotec and Larsen & Toubro Consortium for the Engineering, Procurement and Construction of the Mansourah Massarah Gold Project for its Subsidiary, Ma’aden Gold & Base Metals Company (Starting of The Commercial Production)
1211
MAADEN
1.32
%
1445/07/06 18/01/2024 15:33:05
| Element List | Explanation |
|---|---|
| Introduction | Further to Saudi Arabian Mining Company (Ma'aden) announcement on 12/01/1444 AH, corresponding 10/08/2022 AD which included the updates for the Construction of the plant. |
| Previous Announcement | Update on the latest developments regarding the contract with Outotec and Larsen & Toubro Consortium for the Engineering, Procurement and Construction of the Mansourah & Massarah Gold Project for its subsidiary, Ma’aden Gold & Base Metals Company. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2022-08-10 Corresponding to 1444-01-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Saudi Arabian Mining Company (Ma’aden) announces the start of the commercial production for the Mansourah & Massarah Gold plant, and the financial impact of commercial production is expected to be reflected on the Company's financial results in the first quarter of the current year 2024. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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