Gold Reserves in Egypt

Egypt holds approximately 2,700 metric tonnes of gold reserves (Central Bank of Egypt, 2023–24), ranking among the top 20–25 countries globally. Key deposits:

• Eastern Desert: Sukari Mine (Centamin) – >500 t produced since 2009; major active operation.
• Red Sea Hills: Historical mines (e.g., Wadi Hammamat), new exploration targets.
• Sinai Peninsula: Potential but less developed due to security/regulatory constraints.

Gold mining is a strategic sector; Egypt aims to increase output to 500k oz/yr+ and boost foreign reserves. Ancient Egyptians mined gold extensively (Nubia, Eastern Desert) for pharaonic treasury.