Mali’s Gold Reserves Drop 17% Amid Political Uncertainty and Business Risks

• Mali’s proven gold reserves fall by 17.1% over two years, now standing at 731 metric tons
• Political instability and security concerns likely contributing to the slowdown in new gold discoveries

Bamako, Mali – Proven gold reserves in Mali, one of Africa’s largest gold producers, have declined by 17.1% over the past two years, signalling a slowdown in new discoveries amid rising political and security challenges. Official data from Mali’s Mines Ministry revealed that the country’s gold reserves currently stand at 731 metric tons, down from 881.7 tons in 2022. At the current output rate of 64 tons per year, Mali’s reserves are expected to be depleted in just over a decade.