West African Gold Mining Industry Report Released on ResearchAndMarkets.com
A new report, “West Africa Gold Mining to 2030 (2024 Update),” has been published by ResearchAndMarkets.com. This report offers a thorough examination of the gold mining sector in West Africa for 2024.
Key Findings:
- While gold production in Ghana, Mali, Burkina Faso, and Guinea dipped slightly in 2023, it’s expected to rebound in 2024, reaching an estimated 11.83 million ounces (moz).
- Ghana is projected to lead this growth, followed by Guinea. Their combined output is expected to jump from 6.7 moz in 2023 to 7.3 moz in 2024, signifying an 8.4% increase.
- In contrast, production in Mali and Burkina Faso is expected to decline by 5.5% to 4.56 moz in 2024.
- Emerging gold producers like Ivory Coast, Niger, Liberia, Senegal, and Sierra Leone are anticipated to see a 6.2% rise in output in 2024, reaching 4.67 moz.
- Over the next five years (2025-2030), gold production from the four major markets is expected to decline slightly due to mine closures, primarily in Burkina Faso. However, production from emerging markets is expected to rise, with key contributions from Ivory Coast and Niger.
- Political instability and unregulated illegal mining are highlighted as significant challenges that could hinder West Africa’s gold mining industry in the coming years.
Report Inclusions:
- An overview of the West African gold mining industry, encompassing key factors influencing demand.
- Detailed data on reserves, production by country, industry competition, major operating mines, along with significant exploration and development projects.
Benefits of Purchasing the Report:
- Gain insights into the West African gold mining industry and the driving forces shaping it.
- Access historical and projected trends in gold production across the region.
- Identify major players in the industry.
- Pinpoint important active, exploration, and development projects on a regional basis.
- Understand tax and royalty structures in Ghana, Burkina Faso, and Mali.