Al Masane Al Kobra Mining Company

What Al Masane Al Kobra Mining Company does

Al Masane Al Kobra Mining Company (AMAK) is a publicly listed Saudi Arabian mining company (ticker: AMAK on Tadawul, IPO March 2022) that extracts and processes zinc, copper, gold, and silver concentrates. The company operates an integrated mining complex in the Najran region at 1,750 meters elevation in the Najran-Al Joshwan mountain range, combining the underground Al Masane Mine and the Guyan open-pit mine with three processing plants. Annual production capacity is approximately 25,000 ounces of gold, 105,600 ounces of silver, 22,000 tons of copper concentrate, and 42,000 tons of zinc concentrate, supported by 5 million tonnes of processed ore capacity.

AMAK's business model is direct-to-industrial: it sells mineral concentrates to overseas smelters and commodity buyers, and is recognized as the first private mining company in Saudi Arabia to export copper and zinc concentrates internationally. The company holds ISO 9001:2015, 14001:2015, 54001:2018, and IEC 17025:2017 certifications, and generated Q1 2022 sales of approximately 158 million SAR. Gold constitutes roughly 55% of revenues according to the CEO, with the remaining revenue from copper, zinc, and silver concentrates. Headcount is between 251 and 500, with headquarters in Najran and a secondary office in Jeddah.

The company is in an active expansion phase under Saudi Vision 2030. Between June 2024 and January 2026, AMAK secured exploration licenses for Al-Hijrah, Jabal Qarn, and quartz, plus a full mining license for the Katina Mine. The company has signed a strategic talent partnership with Saudi Mining Polytechnic (January 2026) and a Letter of Intent with Power Metal Resources Plc (September 2024), and participates as a sponsor at the Future Minerals Forum. CEO Geoffrey Day, appointed August 2024, has guided the rollout of a formal growth strategy and signalled robust performance expectations for Q4 2025 and Q2 2026.

Name

Al Masane Al Kobra Mining Company

Legal name

Al Masane Al Kobra Mining Company

Website

https://amak.com.sa

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Al Masane Al Kobra Mining Company (AMAK) is a Saudi Arabian, Tadawul-listed mining company operating the integrated Al Masane-Guyan complex in Najran, producing and exporting gold, silver, copper, and zinc concentrates to overseas smelters, with active expansion into new mining and exploration licenses.

Ownership category

akta.pro rank

Headquarters

HQ city

Najran

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Mineral Concentrate Sales: Revenue generated from the sale of gold, silver, copper concentrate, and zinc concentrate produced at the Al Masane mining complex. The company exports copper and zinc concentrates to overseas smelters. Gold constituted 55% of revenues according to the CEO.
2. Exploration and New Projects: Revenue potential from new exploration licenses won at Al-Hijrah and Jabal Qarn sites, and the newly received Katina mine license.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Al Masane Al Kobra Mining Company (AMAK) extracts and produces mineral concentrates from underground (Al Masane Mine) and open-pit (Guyan) mining operations in the Najran region of Saudi Arabia. The company produces gold, silver, copper concentrate, and zinc concentrate through three process plants and exports copper and zinc concentrates to overseas smelters as the first private mining company in Saudi Arabia to do so.

Product overview

AMAK (Al Masane Al Kobra Mining Company) is a Saudi Arabian mining company that operates as a producer of gold, silver, copper concentrate, and zinc concentrate. The company operates three process plants within its Al Masane mining complex in the Najran region, combining underground mining at Al Masane Mine with open pit operations at Guyan. The company's integrated mining and processing operations produce approximately 25,000 oz of gold, 105,600 oz of silver, 22,000 tons of copper concentrate, and 42,000 tons of zinc concentrate annually. AMAK is recognized as the first private mining company in Saudi Arabia to export copper and zinc concentrates to overseas smelters.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Production AMAK produces 25,000 oz of gold annually from underground Al Masane Mine and Guyan open pit operations for sale to commodity buyers.
• Silver Production AMAK produces 105,600 oz of silver annually, used in various industrial sectors including electronics, sold to commodity buyers.
• Copper Concentrate AMAK produces over 22,000 tons of high-quality copper concentrate annually, exported to international smelting companies.
• Zinc Concentrate AMAK produces over 42,000 tons of high-quality zinc concentrate annually, valued for anti-corrosion properties and exported to international smelting companies.

Quantifiable outcome

• 25,000 Oz gold production annually
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Saudi Mining Polytechnic (SMP)coreStrategic or Co-development Partner · 15 January 2026Strategic partnership signed January 15, 2026 to qualify 30 Saudi trainees for two years in an employment-linked training program, supporting national talent development in the mining sector. The partnership was signed during the 5th International Mining Conference (FMF 2026).
• Power Metal Resources PlccoreStrategic or Co-development Partner · 10 September 2024Letter of Intent (LOI) signed September 10, 2024 for potential strategic collaboration in the mining sector.
• Ministry of Industry and Mineral ResourcescoreOthersPartnership through the Future Minerals Pioneers Initiative, launched by the Ministry in partnership with NIDLP, to attract local and international talent and drive sustainable innovation in the mining sector.
• National Industrial Development and Logistics Program (NIDLP)coreStrategic or Co-development PartnerCo-partner in the Future Minerals Pioneers Initiative with the Ministry of Industry and Mineral Resources, aimed at attracting talent and fostering innovation in Saudi Arabia's mining sector.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ma'aden (Saudi Arabian Mining Company): Saudi Arabia's flagship mining company operating gold, copper, zinc, and other mineral assets in the Kingdom. Most direct comparable as the dominant national mining operator with overlapping commodity mix and Saudi regulatory footprint.
• Nexa Resources: Mid-tier integrated zinc producer with by-product copper, silver, and gold output. Closely comparable to AMAK's zinc-led concentrate model with multi-metal by-product credit exposure.
• Hudbay Minerals: Copper-focused mid-cap miner with zinc and precious-metal by-products. Comparable in scale and product mix, selling copper and zinc concentrates into global smelter markets.
• Lundin Mining: Mid-cap diversified base-metal miner producing copper, zinc, and gold/silver by-products. Closely comparable in scale, commodity mix, and concentrate-based selling model.

Regional players

• Arabian Mining and Minerals Co. Saudi-based minerals and mining company focused on industrial minerals and metals within the Kingdom. Comparable as a fellow private-sector Saudi mineral producer navigating the same regulatory and Vision 2030 framework.

Broad incumbents

• Vedanta Limited: Diversified miner with significant zinc, copper, and silver operations (Hindustan Zinc). Comparable business model around base-metal concentrate production and exposure to commodity-driven margins.
• Glencore: Global diversified miner and commodity trader with large copper and zinc concentrate marketing operations. Comparable as both a competing concentrate producer and a likely buyer through its smelter network.
• Freeport-McMoRan: Major copper miner with significant gold and silver by-products. Comparable commodity exposure and concentrate-based revenue model, though at materially larger scale.
• Barrick Gold: One of the world's largest gold producers with copper by-product exposure. Comparable on the gold-revenue side, which represents 55% of AMAK's revenue.
• Newmont Corporation: Largest gold mining company globally with growing copper exposure. Comparable as a relevant peer on the gold-dominant side of AMAK's revenue mix and as a benchmark for listed gold-miner valuations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amak-mining-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Masane Al Kobra Mining Company