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Almasane Alkobra Mining Company (AMAK) announces the latest developments regarding the temporary suspension of one of its processing plants
| Element List | Explanation |
|---|---|
| Introduction | Almasane Alkobra Mining Company (AMAK) is pleased to announce to its valued shareholders the resumption of operations at the Al Masane Process Plant (ALM) for base metals (zinc and copper concentrates), effective 13 May 2026, following a temporary shutdown for a period of 16 weeks, as previously announced. The Company further confirms that this measure is aligned with its 2026 business plan, which aims to optimize and maximize the long-term utilization of ore production from (Saadah, Al Houra, and Moyeath) orebodies, which collectively represent the underground mining complex at the Al Masane base and precious metals plant (ALM). The resumption of operations is expected to enhance operational efficiency and stabilize production levels going forward. |
| Previous Announcement | Almasane Alkobra Mining Co. (AMAK) previously announced on 03/08/1447AH, corresponding to 22/01/2026 AD, regarding 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 AD. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-22 Corresponding to 1447-08-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The resumption of operations at the Al Masane plant for the processing of base metals, zinc, and copper concentrates, effective 13 May 2026. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact associated with the shutdown period and the resumption of operations will depend on the average selling prices of metals during the relevant period, and such impact will be reflected in the financial results for the second quarter of 2026. |
| Delay consequences on the Company’s financial results | N/A |
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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