Africa’s gold rush accelerates growth

Africa’s gold sector remains a key driver of foreign investment and revenue, with major producers like Ghana generating US$5bn from artisanal mining in 2024 alone

As the industry continues to contribute to sustainable development, African nations are strengthening global partnerships to launch new projects and unlock industrial opportunities.

African Mining Week (AMW), the continent’s leading mining industry event, will spotlight high-potential gold projects, investment opportunities, and emerging exploration basins. With new production facilities set to begin operations from 2025 onwards, AMW serves as a vital platform for global investors to connect with African stakeholders and explore the region’s expanding gold sector.

Africa's gold expansion

Ghana, the top gold producer in Africa, is reinforcing its leadership with the upcoming Cardinal Namdini Mine, operated by Cardinal Resources. Set for commercial production by mid-2025, the mine will yield 358,000 ounces annually, drawing from 5.1 million ounces in reserves over 15 years. Newmont is also targeting first production at its Ahafo South Mine in early 2025, with an expected annual output of 325,000 ounces. Additionally, Asante Gold Corporation has launched a US$525mn expansion to enhance production at its Bibiani and Chirano Mines, further strengthening Ghana’s prominence in gold mining.

In Guinea, Predictive Discovery is advancing the Bankan Gold Mine, a three-million-ounce project scheduled for production in early 2027, with an annual output of 269,000 ounces over 12 years. Meanwhile, Robex is preparing to begin gold production at the Kiniero Mine in 2025, adding 139,000 ounces to Guinea’s growing portfolio.

Mali, Africa’s third-largest gold producer, is set to expand its mining operations with Resolute Mining’s Syama Phase 2 Expansion Project. Once commissioned in the latter half of 2025, it will increase production to 400,000 ounces per year. In Burkina Faso, West African Resources is preparing to launch production at the Kiaka Gold Mine in Q3 2025, targeting an annual yield of 258,000 ounces over 19 years, while Orezone Gold’s Bomboré Gold Mine is expected to significantly boost the country’s mining sector.

As Africa ramps up gold production and strengthens its mining value chain, AMW will feature panel discussions, project showcases, and strategic investment forums, providing global investors with an exclusive opportunity to engage with key industry players and capitalize on the continent’s thriving gold sector.