Mali’s 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target
Mali, one of Africa’s leading gold producers, is set to meet or surpass its 2024 industrial gold production forecast of 57.3 metric tons, according to the country’s Ministry of Mines.
Gold output from major mining companies, including Barrick Gold, B2Gold, Resolute Mining, Allied Gold, and Endeavour Mining, reached 30.5 tons in the first half of the year, exceeding the initial forecast of 28.4 tons by 7.2%, as per ministry data provided to Reuters.
While the 2024 forecast is 14% lower than the 66.5 tons produced in 2023, the country remains on track to achieve its target.
Barrick Gold led production in the first half of the year with 11.7 tons, followed by B2Gold with 8.3 tons, and Allied Gold with 3.9 tons.
In November 2023, Mali signed a memorandum of understanding with Russia to construct a gold refinery with an annual capacity of 200 tons.
