Top 5 Gold Reserves Countries in Africa – Africa Facts Zone

Africa’s gold reserves countries — customarily dominated by South Africa — have seen a change in the center with nations like Ghana, Sudan, Mali, and Burkina Faso entering the fray.

Significant organizations, for example, Newmont Goldcorp, Kinross Gold, AngloGold Ashanti, Barrick Gold and Gold Fields are dynamic in the region, alongside controversial artisanal miners, who are especially active in Ghana, Mali and Burkina Faso.

From Ghana to Burkina Faso, Africa Facts Zone profile the main gold makers across the African landmass.

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Top 5 Gold Reserves Countries in Africa

1. Ghana  – 142.4 tons

Ghana took the top spot in the ranking gold reserves countries in Africa after snatching the Top position from South Africa subsequent to mining in excess of 142 metric huge loads of the valuable metal in 2019.

While conventional organizations and high quality excavators adding to Ghana’s gold production, some of the biggest companies mining Gold in Ghana include Kinross Gold (Chirano mine), Newmont Goldcorp (Akyem and Ahafo mines), AngloGold Ashanti (Obuasi and Iduapriem mines), Gold Fields (works the Tarkwa gold mine) and Asanko Gold (Asanko mine).

The minerals dug in Ghana represent 37% of the nation’s total export, with gold comprising 90% of absolute mineral export. Miningglobal.com gauges Ghana’s gold reserves to be 1,000 metric tons.

2. South Africa – 118.2 tons

South Africa takes the second positon in top gold reserves countries in Africa.  Declining gold metal grades in South Africa throughout recent years have seen the nation lose its African best position to Ghana.

The Witwatersrand Basin, an underground geographical arrangement in South Africa, holds one of the biggest gold placer stores on the planet.

Top gold mines in the nation includes South Deep (the biggest gold mine on the planet regarding Gold reserves and owned by Harmony Gold), Mponeng (worked by AngloGold Ashanti and the deepest mine on the planet) and Driefontein (owned by Sibanye-Stillwater).

South Africa’s oldest mine, Kromdraai, is presently a vacation spot for tourists.

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3. Sudan – 76.6 tons

The north-east African nation of Sudan comes third in top gold reserves countries in Africa with a gold production of more than of 76 metric tons.

The Sudanese government, notwithstanding, claims yearly gold creation in the scope of 120-200 tons.

For a really long time one of Africa’s top gold creating nations, Sudanese gold is found in the Eriab area of the Nuba mountains, along the alluvial areas of the Nile River and quartz vein arrangements in Obaidiya,

Africa’s third-biggest country by region, Sudan’s gold mines include Hassai gold mine (possessed by Sudan’s Ariab Mining Company and Canada’s La Mancha Resources) and Block 14 open pit mine task (worked by Canada’s Orca Gold).

4. Mali – 71.1 tons

The north-west African nation of Mali produces more than 71 metric tonnes of gold, taking the fourth position in top gold reserves countriess in Africa.

Mali’s gold mining operations not only involve large mining companies, but also artisanal miners, who have also produced a sizeable chunk of gold and made a significant contribution to the country’s economy.

Its gold mines inculdes Morila (oversaw by Government of Mali, AngloGold Ashanti and Barrick Gold), Sadiola (oversaw by Government of Mali, AngloGold Ashanti and LamGold), Loulo-Gounkoto (oversaw by Barrick Gold) and Yatela (oversaw by Government of Mali, AngloGold Ashanti and LamGold).

Mali is estimated to have 800 metric tonnes of gold reserves, as indicated by Norwegian site Eiti.org.

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5. Burkina Faso – 62 tons

Burkina Faso produces more than 62 metric of Gold. Said to have perhaps the most unique mining areas in West Africa, Burkina Faso’s other significant resources are copper, zinc, limestone, manganese and phosphate.

The country’s gold mines inculdes Kalsaka (worked by Banlaw Africa Limited), Youga (together worked by Government of Burkina Faso and Etruscan Resource), Karma (worked by Endeavor Mining), Mana (worked by Semafo), Yaramoko (worked by Roxgold), Taparko-Boroum (claimed and worked by Société des Mines de Taparko SA), Essakane (worked by IAMGOLD), and Inata (mutually worked by the Government of Burkina Faso and Avocet).

Burkina Faso’s gold reserves are estimated to be around 154 metric tons, as per Eiti.org.