Mali's Gold Output Projected to Stay Below 60 Tons Through 2029, Affecting Global Gold Market
Mali's industrial gold production is expected to remain below 60 metric tons annually through 2029, according to a plan from the country's mines ministry. This projection follows the implementation of a revised mining code in 2023, which aimed to increase state revenues but has led to disputes between the government and mining companies. The plan forecasts 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. Major contributors to this output include B2Gold's Fekola mine and Barrick's Loulo-Gounkoto complex. 
