The 5 largest African gold mines in 2024

In 2024, world gold production reached 3,300 metric tonnes, according to data published by Statista, confirming the key role of this precious metal in the global economy. While China, Russia and Australia dominate the podium of the world's largest producers, the African continent continues to assert its place among the major players, with large-scale mines propelling several countries into the world's top-16. We take a closer look at the five biggest African gold mines of the year.

Ahafo (Ghana): the unchallenged queen

The Ahafo mine, located in Ghana, is Africa's leading gold producer, with an impressive output of 887,000 ounces of gold in 2024. Operated by Newmont, the mine benefits from modern infrastructure and optimised management, consolidating Ghana's position as the continent's leading gold producer. This volume represents a significant contribution to national exports, strengthening the Ghanaian economy.

Loulo-Gounkoto (Mali): a strategic duo

In Mali, the Loulo-Gounkoto mining complex, operated by Barrick Gold, produced 723,000 ounces this year. Despite a tense political and security context, this site remains a pillar of the Malian industry, illustrating the sector's resilience in the face of challenges. These figures also underline the importance of gold in the Malian authorities' quest for economic sovereignty.

Kibali (DRC): the rising star

In the Democratic Republic of Congo, the Kibali mine, managed by a partnership between Barrick Gold and AngloGold Ashanti, delivered 686,000 ounces in 2024. Located in a region rich in resources but marked by logistical and security challenges, Kibali is demonstrating growing potential, supported by sustained investment and efficient operations.

Tasiast (Mauritania): the discreet force

With 622,000 ounces produced, the Tasiast mine in Mauritania, operated by Kinross Gold, ranks fourth. This site, located in the desert, has benefited from recent extensions that have boosted its production capacity. Tasiast illustrates Mauritania's rise to prominence on the African mining scene, despite its lower profile on the international stage.

Tarkwa (Ghana): a safe bet

Finally, the Tarkwa mine, also in Ghana, closes the top five with 537,000 ounces extracted in 2024. Managed by Gold Fields, this open-pit operation remains a benchmark thanks to its longevity and operational stability. It is helping to make Ghana a key player, alongside South Africa, Mali, Burkina Faso and Tanzania, all of which feature in the world's top 16.

These five mines testify to the vitality of the African gold sector, which combines economic performance with structural challenges. While global demand for gold remains buoyant, driven by financial and industrial markets, Africa's gold-producing countries continue to attract investors. However, issues such as governance, environmental sustainability and security could shape the future of these gold giants. In 2024, Africa confirms that it remains a land of opportunity for the yellow metal, competing with the world's giants.