Mali's Mines Ministry Projects Gold Output to Stay Below 60 Tons Through 2029
Mali's industrial gold production is projected to remain below 60 metric tons annually through 2029, according to a plan by the country's mines ministry. This forecast follows the implementation of a revised mining code in 2023, which aimed to increase state revenues but has led to disputes with mining companies. The plan outlines a gradual increase in production from 43.2 tons in 2026 to a peak of 57 tons in 2028, before declining to 50 tons in 2029. Key contributors to this output include B2Gold's Fekola mine, Barrick's Loulo-Gounkoto complex, Resolute's Syama operation, and Allied's Sadiola mine. The revised mining code and subsequent disputes have affected investor sentiment and production levels, with industrial gold production dropping from 66.5 tons in 2023 to 42.2 tons in 2025. 
