Mali’s Gold Boom: Record Payments Despite Reduced Production

Gold mining companies in Mali have set a record with their payments to the state, totaling 888.5 billion CFA francs in 2025, equating to approximately $1.57 billion. This represents a 6.4% increase from 2024’s payments, which reached 835.1 billion CFA francs, according to the latest data reviewed by Reuters from the country’s mines ministry.

The increase in payments comes despite a fall in gold output, as record-high gold prices have bolstered revenue. This financial boon reflects the continuing significance of gold mining to Mali’s economy, even amid challenging production conditions.

With the current exchange rate at 566.0000 CFA francs to $1, the financial contribution underscores the importance of global metal prices in shaping the economic outcomes for mining countries like Mali.

(With inputs from agencies.)