Gold deposits were formed within west Africa’s craton rocks during a major tectonic event, known as the Eburnean Orogeny, 2.2 billion to 2.08 billion years ago.

In 1931, latest year for which statistics are complete, the world mined $440,518,000 in gold of which South Africa, supplied $224,863,000. Last spring, ...

GlobalData figures estimate gold production in West Africa reached 11.83 million ounces (moz) in 2024, with Ghana, Burkina Faso and Mali emerging as the main contributors to this figure.

FILE - Gold bars are stacked in a vault at the United States Mint in West Point, New York, July 22, 2014. Some African nations' central banks are buying gold to bolster and protect their economies ...

The prospect of further record highs in the gold price creates incentives for consolidation in Africa’s gold mining industry. Mid-tier players are the most likely to take part, as the majors ...

The region remains a global leader in gold production. As of 2024, west Africa contributed approximately 10.8% of the world's ...

Most of the gold resources in the west African craton are found within ancient geological formations formed by volcanic and tectonic processes about 2.3 billion to 2.05 billion years ago.

Most of the gold resources in the west African craton are found within ancient geological formations formed by volcanic and tectonic processes about 2.3 billion to 2.05 billion years ago.