The Future Minerals Forum recently heard Saudi Arabia is looking to invest its massive capital potential to not only develop its industry, from exploration to downstream battery metal processing.

Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021 as investors started to price in tighter monetary policy.

Company added 3 million ounces of measured and indicated resources and 900,000 ounces of inferred resources across its flagship assets.

The gold miner posted record production for the year, with a total of 1.4 million oz.

An advance in consumption was offset by a drop in the country's key mining sector beset by environmental protests.

Despite leading inflation benchmarks skyrocketing to multi-decade highs, gold prices have barely budged.

One could expect that gold would perform better last year amid all the supply problems and a surge in inflation.

The project is expected to produce over 1 million gold-equivalent oz. over a 10.4-year mine life, mining 37.8 million tonnes of mineralized material.