AMAK sees robust performance in Q4 2025: CEO

Geoffrey Day, CEO at Al Masane Al Kobra Mining Co. (AMAK), expects the company to demonstrate strong performance in Q4 2025, aided by the rise in gold and copper prices during the period, which positively reflected on the company’s financial and operational results.
 

Speaking to Argaam on the sidelines of the Future Minerals Forum, Day said that Q4 results are projected to be broadly in line with those of Q3 2025, which also saw improved gold production driven by positive changes in ore grades.
 

AMAK plans to disclose its full-year financial results after the audit committee meeting scheduled for February, noting that indicators remain positive for the continuation of strong performance. Day emphasized that sustained improvement in commodity prices enhances the company’s ability to achieve healthy profit margins.

He added that the company is currently reviewing its 2026 outlook, expecting zinc production to increase as work continues to reconfigure the mine for deeper-level extraction, as part of a strategy aimed at maximizing mineral resource utilization and improving operational efficiency.
 

Commenting on the establishment of a drilling and exploration services subsidiary, the CEO said the new company is planned to meet AMAK’s growing drilling and exploration needs, while also planning to offer its services to other companies in the Saudi market later this year, amid the exploration boom underway in the Kingdom.
 

The new company aims to provide high-quality, cost-efficient exploration drilling services while adhering to the highest safety standards, noting that the initial focus will be on supporting AMAK’s own operations before expanding services to other companies in Saudi Arabia.
 

Day added that the new company will operate as a service provider and will not hold any exploration licenses. AMAK will retain all its exploration licenses, totaling 25, in addition to three mining licenses and a fourth mining license currently under application. He noted that the subsidiary’s initial funding will be provided by AMAK, with the company expected to become self-funded once it begins generating revenues.
 

He also said that AMAK’s exploration strategy focuses on rapidly assessing site viability and advancing projects from early-stage exploration to more advanced stages and ultimately development. He cited a new project in the Najran region, where drilling began in February 2025 and resources exceeding 11 million tons were announced by year-end.
 

According to Argaam data, AMAK’s board of directors approved on Jan. 14 the establishment of a wholly owned simplified joint-stock company with a capital of SAR 100 million, headquartered in Najran, to operate in drilling, exploration, and related support services.