In this meeting, Meghdad Majdi, CEO of the Kurdistan Gold Mines Development Company, outlined the status of the company’s projects in the areas of mining, the factory, and energy infrastructure. He also discussed the upcoming challenges leading up to the commissioning and cold testing of the production line departments in the second half of the current year.
Majdi stated: "With proper planning and effective action in securing financing, we expect to witness the cold testing and commissioning of the factory in the second half of the year."
Key achievements of Kurdistan Gold in the year 1403 included: the completion of exploratory work at the Qolqoleh gold mine, which increased the proven reserves from 13 million tons to 18 million tons; and the incorporation of four adjacent exploration zones, covering an area of approximately 100 square kilometers. Efforts to expedite the procurement and installation of project equipment were also highlighted.
At the end of the meeting, the company’s performance was deemed satisfactory. It was expressed that with comprehensive support from the holding company for this national and strategic project, there is hope that in the year 1404 (March 2025–March 2026), the first gold bullion will be produced at the Saqqez Gold Project.

more

less