Mali to meet or exceed forecast for industrial gold output

Allied Gold

16/10/2023 16:31

BAMAKO, Oct 16 (Reuters) - Industrial gold production in
Mali, one of Africa's top producers of the precious metal, is
expected to reach or even exceed its 67.7 tonnes forecast for
2023, according to a mines ministry official.
    Gold production from mines, mainly owned by Barrick Gold
 ABX.TO , B2Gold  BTO.TO , Resolute Mining  RSG.AX , Allied Gold
 AAUC.TO  and Endeavour Mining  EDV.TO , stood at 45.4 tonnes at
the end of August, surpassing the initial forecast of 43 tonnes,
Mamadou Sidibe, head of the mines ministry's statistics
department, told Reuters. 
    He now expects annual production to reach its forecast of
67.7 tonnes or grow further to 68.2 tonnes.
    "If this trend continues, we believe that the 2023 forecasts
will be reached, or even exceeded," Sidibe said, adding that
strong production was usually expected during the fourth quarter
of the year.
    Mali's industrial gold production in 2022 totalled 66.2
tonnes.

 (Reporting by Tiemoko Diallo; Writing by Anait Miridzhanian;
Editing by Andrea Ricci)
 ((Anait.Miridzhanian@thomsonreuters.com;))