Anasayfa Blog Daily News Mali gold mining revenue rose by 35% in 2022

Mali gold mining revenue rose by 35% in 2022

by AgaBullion
Mali gold mining revenue rose by 35% in 2022

BAMAKO, July 19 (Reuters) - State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on Wednesday.

Mali is one of Africa's top gold producers and is home to mining companies including Barrick Gold (ABX.TO), B2GOLD (BTO.TO), Resolute Mining (RSG.AX) and Hummingbird Resources (HUMR.L).

Gold mining is a pillar of the country's economy, accounting for about 9% of gross domestic product in 2021 and 2022 and providing more than half of total tax revenues last year.

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