The average gold production in Africa between 2010 and 2023 was 840.59 tonnes, reaching a record high of over 1,000 tonnes in 2023

Key Takeaways:

  • Africa's gold production grew steadily from 621.78 tonnes in 2010 to 1,003.98 tonnes in 2023.
  • The continent experienced an overall increase of 61.5% in gold output over the 14 years.
  • The continent saw consistent year-on-year growth, with only minor declines in 2020 and 2022.
  • 2023 marked the highest production level in more than a decade.
  • The average annual growth rate in gold mine production over the period was approximately 4%.

Africa’s gold mining sector has demonstrated strong and steady growth over the past 14 years. Beginning at 621.78 tonnes in 2010, production rose consistently to reach a historic high of 1,003.98 tonnes in 2023.

Although there were slight declines in 2020 and 2022, likely due to global economic disruptions, production quickly rebounded. By 2023, the continent surpassed the 1,000-tonne mark for the first time in fourteen years.

Source:

Metals Focus; World Gold Council

Period:

2010-2023
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