Mali ministry plan sees industrial gold output staying below 60 tons through 2029
Mali’s mines ministry plan shows the country’s industrial gold production is expected to remain below 60 tons a year from 2026 to 2029, peaking at 57 tons in 2028 versus a record 66.5 tons in 2023. Output has been pressured by the 2023 mining code and disputes with foreign miners including Barrick, contributing to a drop to 42.2 tons in 2025. Over the same period, industrial gold reserves are projected to fall from 906.8 tons in 2026 to 748.6 tons in 2029.