Egypt’s production of gold, silver up 14% YoY in FY2024/25: Badawi
Updated 7/15/2025 2:00:00 PMArab Finance: Egypt’s production of gold and silver reached almost 640,000 ounces during fiscal year (FY) 2024/2025, with an increase of about 14% over the previous year, Minister of Petroleum and Mineral Resources Karim Badawi announced.
During his speech at the fourth edition of the Egypt Mining Forum 2025, Badawi highlighted that the sales of gold and silver increased by nearly 57% to $1.54 billion in FY 2024/2025.
He also announced the production of almost 26 million tons of ores and mining products, which recorded a 39% year-on-year (YoY) surge.
The mining sector exported almost 1.4 million tons of ores and mining products at a value of $52.5 million in FY 2024/2025.
Mineral wealth development revenues, including gold revenues, nearly hit $446 million, higher by 131% when compared to the previous FY.
Badawi pointed out that these achievements align with the government’s six main strategic pillars; the third of which is focusing on making a paradigm shift in the mining sector.
The ministry currently plans to maximize the mining sector’s added-value, while expanding its contribution to Egypt's gross domestic product (GDP) to 5-6%. This is in addition to unlocking the full potential of the oil, gas and mining potentials in Egypt.
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