Production from the world’s eight largest gold producers decreased by 6.5% to 25 Moz in 2020 due to several factors.
Gold production in West Africa’s leading markets – Ghana, Burkina Faso and Mali – is expected to increase by 2.7% in 2021 to 8 Moz
South Africa’s deep level gold mining industry will over the next 10 years almost entirely cease to exist (excluding Gold Fields’ South Deep mine).
Widespread illegal mining activity and rising regulatory risks stemming from improving commodity prices will pose challenges to miners in SSA over the coming months and hinder investment into the region.
BMI Research has revised down its growth forecasts for gold production in Tanzania over the next ten years as ongoing regulatory pressure from the...