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Sukari, Egypt

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Sukari is jointly owned by Pharaoh Gold Mines NL (“PGM”) (a wholly-owned subsidiary of AngloGold Ashanti) and the Egyptian Mineral Resources and Mining Industries Authority (“MRMIA”) (formerly EMRA) through their respective 50% equity stake in Sukari Gold Mines Company (“SGM”), the joint operating company of the Sukari gold mine. It is a production stage property and has been in operation since 2009.

Key metrics FY25

Ownership

50%

Egyptian Mineral Resources and Mining Industries Authority (MRMIA) (50%)

Mineral Reserve at 31 December 2025
Stacked rocks [icon]

2.36

million ounces of gold (attributable)

Gold production

500,000

ounces (attributable)

Mine type
Exploration [icon]

open pit + underground

Capital expenditure

262

US$ million (attributable),
excluding projects

Workforce

4,893

including contractors

Location

Sukari is located in the Red Sea Governorate in the Eastern Desert of Egypt, approximately 750km southeast of Cairo and 25km via road, southwest of Marsa Alam on the Red Sea coast.

Mining methods and key infrastructure

Sukari comprises both open pit and underground mining operations, each employing specialised mining methods tailored to the orebody characteristics and operational requirements. Sukari’s open pit operation utilises conventional truck-and-shovel mining methods. Access to the underground workings is via twin declines: the Amun decline in the south and the Ptah decline in the north. These declines serve as primary haulage and ventilation routes. Sukari’s underground operations employ modern mechanised mining techniques, primarily long hole open stoping – a method which is well-suited to Sukari’s steeply dipping, high-grade zones.

The 12Mtpa processing plant is designed to treat both oxide and sulphide ores, employing a robust flowsheet to maximise gold recovery. The plant incorporates conventional crushing, grinding, and flotation circuits, along with CIL recovery.

More information

This page provides a high-level summary. Investors should refer to AngloGold Ashanti’s 2025 20-F filing above for complete and detailed information.