Mali to meet or exceed forecast for industrial gold output

Gold production from mines, mainly owned by Barrick Gold, B2Gold, Resolute Mining, Allied Gold and Endeavour Mining, 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.