Sukari Au (Egypt)

Arabian-Nubian Shield · Au · Sukari Gold Mining Co (SGM): AGA 50% (via Centamin) / EMRA 50%

intelligence-gradeproducing

Derived from the deployed data layer at build · dataset v2.4.3 · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/sukari-au.json

Investment screen

DFI · investment house — is this fundable, watchable, or a pass?

Life-cycle stageproducing Derived

Operating statusOperating with UG Phase 2 expansion at nameplate Q4 2025 Sourced

Reserve scale (P+P)128.5 Mt @ 1.01 g/t Au ≈ 4.2 Moz contained Sourced

Reserve basis (verbatim)100% project basis (~4.17 Moz contained)

Risk-adjusted rate (§10)not published — asset-level screening not yet worked (base formula is public; see gaps below) Absent

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I+I)312.4 Mt @ 1.08 g/t Au Sourced

Resource basis (verbatim)100% project basis (~10.84 Moz contained)

Primary sourceAGA Sukari S-K 1300 TRS effective 31 Dec 2025 (filed SEC March 2026); AGA 2025 R&R Report [Sourced 2026-05-02] Sourced

Comparables (Au-matched)5 African M&A — $122–228/oz (set span, n=2) · 2 intl — $394–403/oz (set span, n=2) · 1 financing/benchmark — set spans, not market curves · deals Sourced

Risk read

mining major · insurer — what is the exposure?

Province IC compositeArabian-Nubian Shield — 2.3/10 Derived

Ownership structureAGA 50% via Centamin acquisition Nov 2024; EMRA (Egyptian Mineral Resources Authority) 50% with 50% profit-sharing interest Sourced

Recent events (record)2025 production 500 koz (+4% YoY, 100% basis); cash cost $783/oz, AISC $1,180/oz; UG Phase 2 expansion reached nameplate Q4 2025; 30-year concession extension approved by Egyptian Parliament July 2025 … Sourced

What this record does not yet support — disclosed, not estimated

Risk-adjusted discount rate — deliberately not published. A province-level base is mechanically computable from the published formula (r = 8.0% + (10 − IC) × 0.8%), but Afrimintel does not publish an asset rate without asset-level tenure, settlement, and structure screening (the §10 worked-dossier process). Publishing the base alone would misstate asset risk. Each worked decomposition converts this Absent to a Derived range.