Over the past year, gold prices have surged 33% to a record high. But here’s the secret: the smartest investors don’t just own the gold,they own the gold miners, where the real upside lies.
And did you know? Saudi Arabia sits on some of the world’s highest-quality gold and silver deposits.
That’s why we uncovered the perfect play for you, a Saudi mining stock that gives you the best of both worlds.
📈The Stock: AMAK (1322.SR)
They own and operate multiple mines, producing gold, silver, zinc, and copper.
Their newest project, the Moyeath Ore Body, has just come online, a major milestone for AMAK.
The new plant boosts total base metal processing capacity by nearly 50%, reaching about 1.2 Mtpa.
With Moyeath in production, AMAK’s zinc output is set to jump 80%, copper output by 40%, alongside meaningful increases in gold and silver contained in the concentrates.
In short: They were at the right place, right time.
💰Show me The Money
Metric | 2022 | 2023 | 2024 |
Revenue (SAR) | 582.7M | 487.9M | 780.6M |
Operating Cash Flow (SAR) | 139.9M | 291.1M | 316.6M |
Return on Equity (%) | 13.52 | 4.47 | 14.39 |
The productions have been increasing year over year, with field analysts estimating large reserves, with high degrees of certainty classified as Probable and Inferred Reserves.
The highest standard is Proven & Probable Reserves.
🥱What’s So Special?
All signs point to a Tech/AI bubble. When it bursts, both smart money and everyday investors will rush into precious metals since it’s the ultimate safe haven.
That surge will push prices higher, directly boosting miners like AMAK. With fixed operating costs, every dollar increase in metal prices flows straight to profit.
See you next Sunday.