AngloGold Ashanti revealed that its Sukari gold mine in Egypt aims to produce 4 million ounces of gold between 2026 and 2035.
Egypt’s revenues from the Sukari mine surged 107% in 2025, reaching $612 million, according to the data released by AngloGold Ashanti, which holds the mine’s concession rights.
The payments to Egypt include royalties, taxes, and the government’s share of the mine’s profits.
The company noted that its profit-sharing agreement exempted it from paying $239 million in taxes during 2025.
Gold production at Sukari rose to approximately 500,000 ounces in 2025, up from around 481,000 ounces in 2024, representing a 4% year-on-year increase.
AngloGold Ashanti invested $262 million at the mine last year and plans to invest $126 million in 2026 for waste management and reclamation programs.
The company also paid $53 million in royalties for Sukari, at a rate of $104 per ounce sold, in addition to Egypt’s 50% share of the mine’s profits.
Located in the heart of Egypt’s Eastern Desert, about 30 kilometers south of Marsa Alam on the Red Sea coast, Sukari remains the country’s largest gold-producing mine.