Based on information supplied to Reuters, gold reserves held by mining firms fell to 731 metric tons from 881.7 tons two years in the past.
The mines ministry didn’t present a purpose for the reserves lower.
Knowledge confirmed that Syama mine, owned by Australian firm Resolute Mining, comes out on prime with 141 tons of gold reserves.
It’s adopted by Allied Gold’s Sadiola mine with 108.1 tons, and B2GOLD’s Fekola mine with 107.7 tons.
The west African nation’s industrial gold manufacturing stood at 66.5 tons final 12 months and it’s anticipated to drop by about 14% to 57.3 tons in 2024.
Based mostly on a mean manufacturing of 65 tons of gold per 12 months, present reserves signify 11 years of output.
Final November, Mali signed an settlement with Russia to construct a gold refinery with an annual capability of 200 tons.
(By Tiemoko Diallo and Anait Miridzhanian; Enhancing by Toby Chopra)