Gold Rush Shifts Toward Ghana, Burkina Faso

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Researched by Industrial Info Resources (Sugar Land, Texas)--Africa's gold-mining industry had been declining for many years. The production of gold was adversely affected by COVID-19 pandemic in 2020, which led to the temporary suspension of several mines, but the industry now is expected to return to growth. Mining production, exploration and development numbers in recent years show that the industry's focus has shifted across the West African region.

Ghana, Burkina Faso and Mali are the top three gold-producing countries in West Africa, accounting for 33% of Africa's total gold production. Despite terrorist threats and political instability, most foreign companies are continuing to invest in the region, as the untapped gold potential remains significant. The easy access of gold resources from the surface (open pits) is one of the attractions of West Africa.

Industrial Info is tracking 198 active gold-mining projects in West Africa, worth US$12.55 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list of detailed project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).