Ivory Coast 2022 gold output up 14% to record high

Fortuna Mining

15/03/2023 13:30

ABIDJAN, March 15 (Reuters) - Ivory Coast produced a
record high of about 48 tonnes of gold in 2022, up 14% from the
previous year, a document from the Ministry of Mines, Petrol and
Energy showed.
     Ivory Coast, the world's top cocoa producer, is seeking to
develop its long-neglected mining sector to diversify its
revenue. 
    Gold output has been climbing steadily for several years and
is expected to reach 50 tonnes this year with the start of
production from two mines belonging to Roxgold, owned by Fortuna
 FVI.TO  and Tietto Minerals  TIE.AX , according to the document
seen by Reuters on Wednesday. 
    Production is expected to reach 55 tonnes in 2024, when a
new mine from Endeavour  EDV.L  starts operating, it said.
    Other big gold mining companies operating in Ivory Coast
include Barrick Gold  ABX.TO  and Perseus Mining  PRU.AX .
    Manganese output fell by 3% to 929,700 tonnes in 2022 while
nickel output rose by 31% to 1.84 million tonnes, the document
showed.  
    

 (Reporting by Loucoumane Coulibaly
Editing by Nellie Peyton and David Goodman
)
 ((nellie.peyton@thomsonreuters.com; +221 77 298 1636;))