Gold Mining In West Africa
West African Gold mining makes the western side of the continent one the leading producers of gold bullion in the world. When it comes to mining gold in Africa, the western side of the continent is a hotspot. The region is home to many exploration companies, as well as major companies focused on extracting the metal.
Ghana, Mali and Burkina Faso are the top West African gold mining countries. These nations are all major gold producers, and for investors interested in gold in Africa, they are important areas to keep a close eye on.
West African Gold Mining: Ghana
Ghana is one of the best places to look for gold in Africa. It is a top gold-producing country. It supports several large gold companies, as well as a large number of artisanal miners. Artisanal mining also contributes a lot to the total amount of gold bullion produced in the country. In 2016 Ghana produced 90 MT of gold.
Gold in Africa: Mali
Gold production in Mali came to 46.9 MT in 2016, making the country Africa’s third-largest gold producer after South Africa and Ghana. Although 2017 numbers have yet to be released, some are predicting that total production from industrial and informal mines could be as much as 95 MT. This is in part due to the efforts of artisanal miners; like Ghana, Mali is home to many artisanal miners, and the country’s government said in 2017 that it expected informal miners to produce 50 MT for the year.
Artisanal mining contributes a lot to the West African gold mining output. This type of mining can include activities as simple as panning for gold in rivers, to as complex as development of underground workings and small-scale processing plants. Globally, artisanal mining contributes up to 12% or 330 tones of annual gold production. This gold input is equally a significant contribution to both the international gold industry and the economy for a given community.
African Gold Consultants is deeply entrenched in the West African region with a larger network connecting buyers and sellers. So if you are looking for West African Gold, then let us be your preferred partner. Therefore contact us now for all your gold bullion needs.