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Almasane Alkobra Mining Company (AMAK) announces the temporary suspension of one of its processing plants
| Element List | Explanation |
|---|---|
| Announcement Detail | Almasane Alkobra Mining Co. (AMAK) announces the temporary suspension of base metals (Zinc and Copper concentrates) processing through the Company’s Al Masane (ALM) process plant for approximately 16 weeks from 22 January 2026. The precious metals circuit of the Al Masane process plant, the Moyeath base metals process plant, and the Guyan precious metal process plant are not impacted by this announcement and will remain in operation at full capacity during this period. The suspension is in accordance with the company’s 2026 business plan and will contribute to optimizing longer term ore production from the Saadah, Al Houra and Moyeath orebodies, collectively representing the Al Masane (ALM) underground mining complex for base and precious metals. The financial impact will depend on the actual duration of the deferred processing period and average sales prices of metals and will be reflected in the first and second Quarter of 2026 financial results. The company will make further announcements in relation to any updates and progress as appropriate. |
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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Last Price 91.05
Net Change 0.2 (+0.22%)
Value Traded (Sar) 10,754,205.6
Volume Traded 118,437
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