June 3, 2020 / 6:25 PM / a month ago

CORRECTED-Mali's industrial gold production expected to slump in 2020

 (In JUNE 3 story corrects name of mine to Syama, removes
Randgold reference in table)
    BAMAKO, June 3 (Reuters) - Industrial gold production in
Mali is expected to fall by 8.3% year on year to 59.77 tonnes
this year compared with 2019 due to falling output at several
mines, Mali's mines and petroleum ministry said on Wednesday.
    It said total gold production is expected at 65.7 tonnes in
2020, including 6 tonnes from the artisanal, or small-scale
mining sector, compared with 71.1 tonnes a year ago.
    Companies operating in Mali's mining sector includes Barrick
Gold, Resolute Mining, Anglogold
Ashanti and B2Gold.
    Reserves at Anglogold Ashanti's Sadiola mine is reaching
depletion phase, and will produce 832 kg compared with 4.6
tonnes last year, mines ministry official Mamadou Sidibé told
Reuters.
    He added that output at Barrick's Morila mine is expected at
1.9 tonnes, compared with 3.5 tonnes the previous year, while
Resolute's Finkolo mine will produce 440 kg compared 6.6 tonnes
in 2019.
    Other mines, such as Resolute's Syama, and B2Gold's Fekola
mines, are expected to boost production, the ministry said. 
    Here below is a breakdown of Mali's gold production
forecast. *Output in kilograms: 
 MINE (OPERATOR)       2020 FORECAST  2019 OUTPUT
 Semos (Anglogold)     832            4,644.412
 Morila (Barrick)      1,917.367      3,505.116
 Yatela (Anglogold)    0              132.26
 Somika (Endeavour)    0              0
 Somilo (Randgold)     20,234.203     23,937.459
 Somico (Endeavour)    3,777.672      3,405.472
 Syama (Resolute)      7,835.712      2,211.251
 Faboula Gold SA       339.996        257.755
 Nampala (Robex)       1,589.604      1,783.334
 Fekola (B2GOLD)       18,661.8       14,914.089
 Komana (Hummingbird)  4,066.741      3,773.140
 Somifi-SA (Resolute)  440.011        6,613.852
 Metedia               18.5           11.905
 Total                 59,773.6       65,190.045
 *Source of data: Mali's mines ministry  

 (Reporting by Tiemoko Diallo  
Writing by Bate Felix; Editing by Aurora Ellis)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below