Less Ads, More Data, More Tools Register for FREE

Mali gold exports rise 8.4% in 2022

Fri, 10th Mar 2023 15:08

BAMAKO, March 10 (Reuters) - Mali's gold exports rose 8.4% in 2022, reflecting a rise in industrial gold production over the same period, data from the country's statistics agency showed on Friday.

The West African country, exported 69.3 tonnes of gold last year, compared to 63.9 tonnes in 2021, according to statistics seen by Reuters. The metal contributes to around a quarter of the country's fiscal resources.

The value of last year's exports was around 2,001 billion CFA francs ($3.24 billion), compared with around 1,867 billion CFA francs ($3.02 billion) the previous year.

Mali is one of Africa's top gold producers and home to industrial mines operated by companies including Barrick Gold , B2Gold Corp, Resolute Mining, AngloGold Ashanti and Hummingbird Resources.

It exports mainly to South Africa, followed by Switzerland and Australia.

Industrial gold production was around 4.4% higher in 2022 than the previous year because of improved performance in the sector. But it is forecast to fall this year.

Gold reserves stood at around 881.7 tonnes in October, Mines Minister Lamine Seydou Traore said on Thursday.

Related Shares

More News
23 May 2024 18:37

TRADING UPDATES: Ixico wins deal; United Oil & Gas settles debt

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

17 May 2024 15:54

Hummingbird announces restart at Kouroussa

(Sharecast News) - Hummingbird Resources announced the remobilization of Corica Mining Services at the Kouroussa Gold Mine in Guinea on Friday, after ...

17 May 2024 11:44

Hummingbird shares up as contractor resumes activity at Kouroussa mine

(Alliance News) - Shares in Hummingbird Resources PLC rose on Friday, after the company said operations had resumed at its Guinea gold mine following ...

25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

17 Apr 2024 14:11

IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine

Hummingbird Resources PLC - gold producer with operations in Mali, Guinea and Liberia - Says continued to engage with Ivory Coast-based Corica Mining ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.