West Africa Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026

West Africa Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026

Summary

GlobalData's West Africa Gold Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026 provides a comprehensive coverage on the West African gold mining industry. It provides historical and forecast data on gold production, reserves by country, and world gold prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s gold industry such as demand from end use sectors. It further profiles major gold producers, information on the major active, planned and exploration projects.

Over the last decade, West Africa has emerged as a key destination for gold mining in Africa, which was previously dominated by South Africa. The region is proving attractive due to its economic viability and geographical potential, with Ghana, Burkina Faso and Mali the top three gold-producing countries in West Africa. Production from the top three West African countries totalled 8,320koz in 2021, which was up by 4.9% over the previous year. Ghana accounted for the largest share of total African output, with 13.9% in 2021, followed by Mali (9.4%), Burkina Faso (9.4%) and Guinea (3.2%). Looking ahead, in 2022, production from the top three countries in the West African region is expected to expand by 1% altogether, to reach 8,404.9koz. Burkina Faso is expected to be the key contributor to this growth, with higher production from the Hounde, Boungou and Bouly mines - mainly due to the higher-grade ore milled and the expected start of the Bombore Project during the year. Over the forecast period (2022-2026), production from the top three West African countries is expected to grow at an annual compound growth rate (CAGR) of 0.5% to 8.6Moz. Some of the key upcoming projects include the Bombore and Kiaka projects in Burkina Faso, the Obuasi Phase 2, Ahafo North and Namdini projects in Ghana and the Kobada project in Mali.

Scope

• The report contains an overview of the West African gold mining industry including key demand driving factors affecting the West African gold mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

• Comprehensive evaluation of the impact of COVID-19 on West African gold industry
• To gain an understanding of the West African gold mining industry, relevant driving factors
• To understand historical and forecast trend on West African gold production
• To identify key players in the West African gold mining industry
• To identify major active, exploration and development projects in West Africa