Pahang’s Gold Rush: Seven Active Mines Yield RM155.6 Million

Record-Breaking Year for Gold Production

Pahang recorded seven active gold production operations last year, yielding a total of 720.8 kilogrammes (kg), valued at RM155.6 million, said Menteri Besar Datuk Seri Wan Rosdy Wan Ismail.

The Gold Belt: A Treasure Trove of Riches

He added that a gold belt has been established in the central region of the Peninsula, covering areas such as Lipis, Raub, Maran, Pekan, and Rompin.

Estimated Gold Resource: RM10.8 Billion

“The Department of Mineral and Geoscience (JMG) has estimated the inferred gold resource in Pahang at 63.44 metric tonnes, with a value of approximately RM10.8 billion,” he said during the state assembly sitting at Wisma Sri Pahang here today.

Factors Affecting the Lifespan of Gold Deposits

Wan Rosdy was responding to a question from Chan Chun Kuang (PKR-Semambu), who inquired about the expected gold deposits in Pahang and how long these resources would last.

He further explained that the lifespan of the mine, which determines the duration of these gold deposits, cannot be accurately predicted as it depends on a variety of feasibility factors. Among the factors that determine the lifespan of the gold deposits are the total measured gold reserves, the scale of mining operations, the mine’s production rate, as well as economic considerations, current policies, and advancements in mining technology.

Royalties Exceed RM10 Million

Additionally, Wan Rosdy reported that the royalties from Pahang Gold sales had exceeded RM10 million as of November, with RM5 million recorded in 2023.

Conclusion

In conclusion, Pahang’s gold rush shows no signs of slowing down, with seven active mines producing a record-breaking RM155.6 million in gold last year. The estimated gold resource of RM10.8 billion is a testament to the state’s rich mineral deposits, and the royalties generated from these sales demonstrate the economic benefits of responsible mining practices.

Frequently Asked Questions

Q: How many active gold mines are operating in Pahang?
A: Seven active gold production operations are currently operating in Pahang.

Q: What is the estimated value of the gold resource in Pahang?
A: The Department of Mineral and Geoscience (JMG) has estimated the inferred gold resource in Pahang at 63.44 metric tonnes, with a value of approximately RM10.8 billion.

Q: How much royalties have been generated from Pahang Gold sales?
A: As of November, the royalties from Pahang Gold sales have exceeded RM10 million, with RM5 million recorded in 2023.