Gold Sector: Burkina Faso Cements Its Place on Africa's Mining Map in 2024
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Burkina Faso reaffirmed the gold sector’s central role in national revenue in 2024, said the secretary-general of the country’s Ministry of Mines.
In 2024, Burkina Faso produced approximately 60.8 tonnes of gold — up from 56.8 tonnes in 2023 and 57.6 tonnes in 2022 — with the vast majority exported, according to Doulaye Sanou, Secretary-General of Burkina Faso’s Ministry of Mines.
In numbers:
▪️ Growth since 2008 (5.6 tonnes): more than 10x increase.
▪️ Exports: 84% of total export value in 2024 (+3.6% from 80.4% in 2023).
▪️ Growth since 2008 (5.6 tonnes): more than 10x increase.
▪️ Exports: 84% of total export value in 2024 (+3.6% from 80.4% in 2023).
Economic impact:
▪️ Direct state revenue: 567.226 billion CFA francs (~$1.02 billion) in 2024.
▪️ Supports local development through mining industry contributions.
▪️ Direct state revenue: 567.226 billion CFA francs (~$1.02 billion) in 2024.
▪️ Supports local development through mining industry contributions.
Mining sector snapshot
▪️ 22 industrial mining permits — 13 mines currently in production.
▪️ Top export markets: UAE and Switzerland (89.2% of total exports).
▪️ 22 industrial mining permits — 13 mines currently in production.
▪️ Top export markets: UAE and Switzerland (89.2% of total exports).
National policy
▪️ The National Society of Precious Substances purchased 13.049 tonnes of gold to build a national reserve.
▪️ The National Society of Precious Substances purchased 13.049 tonnes of gold to build a national reserve.
