- 46.922 tonnes of gold produced between January and October 2022
- Down by 8.504 tonnes or 15.3% compared to 2021
- All mining companies record a decline in production
- 9 out of 17 mines are operational in October 2022
- A sector in crisis
Industrial gold production fell sharply in October 2022. It stood at 46.922 tonnes at the end of October 2022 compared to 55.426 tonnes at the same date in 2021. There is a difference of 8.504 tonnes, representing a decrease of 15.3% compared to the same period in 2021. These data were communicated by the Directorate General for the Economy and Planning (DGEP) in the report on the monitoring of economic and development indicators for October 2022. This drop is explained by the cessation of production at several mining projects, including Taparko, Bouroum, Samtenga, Youga, Nétiana, Karma, etc.
Industrial gold production fell sharply in October 2022. It stood at 46.922 tonnes at the end of October 2022 compared to 55.426 tonnes at the same date in 2021. There is a difference of 8.504 tonnes, representing a decrease of 15.3% compared to the same period in 2021.
These data were communicated by the Directorate General for the Economy and Planning (DGEP) in the report on the monitoring of economic and development indicators for October 2022. This drop is explained by the cessation of production at several mining projects, including Taparko, Bouroum, Samtenga, Youga, Nétiana, Karma, etc.
Gold came in dollars and the US dollar remains at a high level against the FCFA. It stood at 667.7 FCFA in October 2022, an appreciation of 0.8% compared to the previous month. Year-on-year, the US dollar rate appreciated by 18.1%. The appreciation of the US dollar remains explained by the tightening of monetary policy in the United States and high inflation, prompting investors to value the dollar as a safe haven, the DGEP said. The high level of the dollar and uncertainties in the global economy are behind the high level of the gold price.
Elie KABORE
#Mines_Actu_Burkina
