Arab Finance: Egypt has earned $1 billion in revenues from the Sukari gold mine (SGM) since its construction, Asharq Business reported, citing Martin Horgan, CEO of Centamin, the operator of the largest gold mine in the country.

Horgan noted that $100 million was spent on operations at the mine last year.

These operations included the establishment of a solar generating station, he added.

He also emphasized that political stability and infrastructure development make Egypt an attractive and competitive market for mining and exploration investments.

Moreover, Horgan referred to about 5 million ounces of new gold that could be extracted from the Egyptian desert.