Mali to meet or exceed forecast for industrial gold output

Allied Gold

26/08/2024 13:52

BAMAKO, Aug 26 (Reuters) - Industrial gold production in
Mali, one of Africa's top producers of the precious metal, is
expected to reach or exceed its 57.3 metric ton (tons) forecast
for 2024, according to the mines ministry.
    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.L  , stood at 30.5
tons in the first half of the year, surpassing the initial
forecast of 28.4 tons by 7.2%, according to ministry statistics
provided to Reuters.
    Mali's forecast for the year is 57.3 tons, 14% lower than
the 66.5 tons achieved in 2023.
    Barrick Gold was the main producer in the first six months
of the year with 11.7 tons, followed by B2GOLD with 8.3 tons and
Allied Gold 3.9 tons, the data showed.
    In November 2023, the West African Sahel country signed a
memorandum of understanding with Russia to build a gold refinery
with a capacity of 200 tons per year.    

 (Reporting by Tiemoko Diallo; Writing by Portia Crowe
Editing by Louise Heavens)
 ((Portia.Crowe@thomsonreuters.com; +221785893440;))