Home Economy The 200kg of gold requisitioned from the Samafo mine is worth 7.275...

The 200kg of gold requisitioned from the Samafo mine is worth 7.275 billion FCFA

17 February 2023

What is the value of the 200Kg of SEMAFO gold requisitioned by the Ministry of Mines?

Industrial gold is sold in ounces of gold. An ounce of gold is equivalent to 31.1053 grams (stock exchange zone),
The 200 kg converted into grams gives 200,000 grams,
200,000 grams = 6430.14 ounces,
considering the ounce of gold at 1836 US dollars (stock exchange zone),
gold has a value of 11,805,737.04 US dollars.
If the dollar is at 616.250 FCFA on the day of the requisition (BCEAO),
the value of the gold is 7,275,285,450 FCFA

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