Saudi Arabian Mining Company (Maaden) aims to dig out 500,000oz of gold from across the Kingdom, including the Madinah region, said a report citing its top official.

Maaden is also considering introducing downstream operations to the Madinah region, reported The Saudi Gazette, citing the company's president and CEO Khalid Al-Mudaifer.

"In other parts of the Kingdom, we are moving beyond upstream to successfully develop every mineral in the value chain. What will distinguish our operations in the future is the progression of our strategies from evaluating known mineral sources to discovering new mineral resources," explained Al-Mudaifer.

He said Maaden aims to maximise the value of its current gold mining operations at Mahad Al-Dahab and Bulgah besides its magnesite processing operations at Madinah.

Saudi Arabia has invested heavily in this industry to prepare the groundwork for mining operations across the country. The Kingdom's two enormous industrial mineral complexes testify to that, the report added.