West Africa Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
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West Africa Gold Mining Market Report Overview
Collective gold production in Ghana, Burkina Faso, Mali, and the Republic of Guinea is estimated to be 10.8 million ounces (moz) in 2023. Ghana is the largest producer of gold in Africa and a key exporter globally, mainly supported by increased output from the Bibiani mine.
Going forward, gold production is expected to decline by a CAGR of more than 2% during 2024-2030 due to schedule closures occurring mainly in Ghana. Additionally, political instability and unregulated illegal mining are some of the key barriers that are expected to impair West Africa’s gold production in the coming years. Other West African countries, including Ivory Coast, Senegal, and Sierra Leone are working to develop their gold mining industries by encouraging foreign investment.
The West Africa Gold Mining market research report provides comprehensive coverage of the West African gold industry including historical and forecast data on gold production by country, production by company, reserves by country, and global gold prices. The report also includes a demand drivers section providing information on factors that are affecting the gold mining industry. It further profiles major gold producers and information on the major active, planned, and exploration project.
|Key Countries||· Ghana
· Burkina Faso
· The Republic of Guinea
|Active Mines||· Loulo-Gounkoto Mine
· Ahafo Mine
· Fekola Mine
· Tarkwa Mine
· Essakane Gold Mine
· Akyem Project
· Siguiri Mine
· Hounde Mine
· Gounkoto Mine
· Obuasi Gold Mine
|Leading Companies||· Allied Gold
· AngloGold Ashanti
· B2G Gold
· Barrick Gold
· Endeavour Mining
· Gold Fields
· Nord Gold
· Perseus Mining
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West Africa Gold Mining Market Segmentation by Country
Some of the key countries in the West Africa gold mining market are Ghana, Burkina Faso, Mali, and the Republic of Guinea. Ghana is the largest contributor towards the growth of gold production in 2023 alongside support from Burkina Faso and the Republic of Guinea. Ghana’s gold output will be mainly supported by increased output from the Bibiani mine.
West Africa Gold Mining Market Analysis by Countries, 2023 (%)
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West Africa Gold Mining Market - Active Mines
Some of the active gold mines in West Africa are Loulo-Gounkoto Mine, Ahafo Mine, Fekola Mine, Tarkwa Mine, Essakane Gold Mine, Akyem Project, Siguiri Mine, Hounde Mine, Gounkoto Mine, and Obuasi Gold Mine. Loulo-Gounkoto Mine had the highest gold production in 2022.
West Africa Gold Mining Market Analysis by Active Mine Production, 2022 (%)
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West Africa Gold Mining Market - Competitive Landscape
Some of the leading companies associated with the West Africa gold mining market are Allied Gold, AngloGold Ashanti, B2G Gold, Barrick Gold, Endeavour Mining, Gold Fields, Iamgold, Newmont, Nord Gold, and Perseus Mining.
Endeavour Mining Plc (Endeavour) is an intermediate gold mining company that focuses on developing and operating low-cost and long-life mines in West Africa. The company’s gold-producing properties include the Ity mine in Ivory Coast and Hounde, Mana, and Boungou mines in Burkina Faso. The company also has various greenfield exploration properties in Cote d’Ivoire, Mali, Burkina Faso, Niger, and Guinea at different stages of exploration. Endeavour is headquartered in London, Greater London, the UK.
Leading West Africa Gold Mining Companies
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Segments Covered in the Report
West Africa Gold Mining Market Countries Outlook (Value, MOZ, 2019-2030)
- Burkina Faso
- The Republic of Guinea
- The report contains an overview of the West African gold mining industry including key demand driving factors affecting the West African gold mining industry.
- It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, and major exploration and development projects.
Reasons to Buy
- To analyze gold mining trends in West Africa, relevant driving factors
- To track the latest developments in gold mining industry
- To identify major active, exploration and development projects
- To analyze upcoming project developments in the mining industry
- To understand historical and forecast trend on West Africa’s gold production (Ghana, Mali, Burkina Faso and the Republic of Guinea)
- To identify key players in the West African gold mining industry
Table of Contents
- 1. Overview
- 2. Gold Reserves
- 3. Gold Production
- 4. Production by Country
- 5. Gold Price
- 6. Major Active Mines
- 7. Major Development Projects
- 8. Major Exploration Projects
- 9. Competitive Landscape
- 10. Demand
- 11. Taxes and royalties – Ghana
- 12. Taxes and royalties – Burkina Faso
- 13. Taxes and royalties – Mali
- 14. Appendix
- 15. Abbreviations
- 16. Likelihood
Frequently asked questions
Which country has made the largest contribution towards the gold production market in 2023?
Ghana is the largest contributor towards the growth of gold production in 2023.
Which active mine made the largest contribution towards the gold production market in 2022?
Loulo-Gounkoto Mine had the highest gold production in 2022.
What are the key active mines in the West Africa gold mining market?
Some of the active gold mines in West Africa are Loulo-Gounkoto Mine, Ahafo Mine, Fekola Mine, Tarkwa Mine, Essakane Gold Mine, Akyem Project, Siguiri Mine, Hounde Mine, Gounkoto Mine, and Obuasi Gold Mine.
Who are the leading companies in the West Africa gold mining market?
Some of the leading companies associated with the West Africa gold mining market are Allied Gold, AngloGold Ashanti, B2G Gold, Barrick Gold, Endeavour Mining, Gold Fields, Iamgold, Newmont, Nord Gold, and Perseus Mining
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