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Global gold firms to invest EGP 2.5 billion in Egyptian exploration, Centamin to contribute $100 million

Global gold exploration companies Aton Resources, Ankh Resources and Centamin Plc are set to invest approximately EGP 2.5 billion in gold exploration projects in Egypt over the next two years, according to Al Mal News.

Centamin Plc, in particular, has announced plans to invest up to $100 million in gold exploration and production in Egypt next year.

Additionally, production at Egypt’s Sukari gold mine, the country’s first large-scale modern mining operation, reached 450,058 ounces in 2023, up from 440,974 ounces in 2022.

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