Ivory Coast’s gold output is expected to reach record levels this year, driven by the Lafigue mine, which commenced operations in 2024. This year, gold production is forecasted to rise from 58 to 62 metric tons, with aspirations to match Ghana’s output by 2030. Notable mining companies are present in the region, contributing to growth.
The gold output of Ivory Coast is projected to achieve a record high this year, significantly aided by the production from the newly inaugurated Lafigue mine, as stated by Jean-Claude Diplo, a prominent industry official. The nation, which is the largest cocoa producer globally, is focusing on enhancing its underdeveloped mining sector to expand its economic base.
The Lafigue mine, situated approximately 500 kilometers north of Abidjan, is managed by Endeavour Mining, a London-listed company, and is anticipated to yield between 180,000 and 210,000 ounces of gold in 2025. Diplo mentioned that Ivory Coast’s gold production is expected to increase from 58 metric tons in 2024 to 62 tons this year.
According to Diplo, the Lafigue mine’s advancement into full production is a key contributor to this growth. He indicated that significant investments in another major mine will further boost the country’s gold output. Ivory Coast’s gold production has shown consistent growth over the years, and Diplo believes the nation will soon surpass the production levels of its neighbors, Mali and Burkina Faso, potentially matching Ghana’s output.
“We have the potential to go very fast… If we are disciplined, as we are today, we will be on a par with Ghana in 2030, according to our projections,” Diplo asserted. Additionally, several mining companies, including Barrick Gold, Perseus Mining, and Roxgold, are currently operational in the country.
In essence, Ivory Coast is poised to achieve unprecedented gold production this year, driven primarily by the Lafigue mine. The continued growth of the mining sector is vital for the country’s economic diversification, with ambitions to rival larger producers in the West African region. Strategic investments and disciplined growth practices will be essential as Ivory Coast aims to reach similar output levels as Ghana by 2030.
Original Source: www.graphic.com.gh
