Mali’s gold exports rose 8.4% in 2022, reflecting a rise in industrial gold production over the same period, data from the country’s statistics agency showed last week.
The West African country, exported 69.3 tonnes of gold last year, compared to 63.9 tonnes in 2021, according to statistics seen by Reuters. The metal contributes to around a quarter of the country’s fiscal resources.
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The value of last year’s exports was around 2,001 billion CFA francs ($3.24 billion), compared with around 1,867 billion CFA francs ($3.02 billion) the previous year.
Mali is one of Africa’s top gold producers and home to industrial mines operated by companies including Barrick Gold (ABX.TO), B2Gold Corp (BTO.TO), Resolute Mining (RSG.AX), AngloGold Ashanti (ANGJ.J) and Hummingbird Resources (HUMR.L).
It exports mainly to South Africa, followed by Switzerland and Australia.