Mali’s gold production in 2024 fell by 23% to 51 metric tons, primarily influenced by regulatory disputes with Barrick Gold. The country’s mining environment remains precarious as the government demands compliance with a new mining code, leading to decreased investment and operations.
In 2024, Mali experienced a significant decrease in industrial gold production, dropping 23% from 66.5 metric tons in 2023 to 51 tons, as reported by the country’s mines ministry. Mali is recognized as one of Africa’s leading gold producers, hosting industrial mines operated by international firms such as Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources.
The decline in Mali’s gold production can be attributed to various factors, including disputes between mining companies and the government, particularly Barrick Gold’s ongoing conflict over the new mining code. With a significant portion of production affected, Mali’s future in gold mining may face further challenges if confidence is not restored within the sector.
Original Source: www.marketscreener.com
