Gold Sector: Burkina Faso Cements Its Place on Africa’s Mining Map in 2024

In 2024, the West African country produced approximately 60.8 tonnes of gold — up from 56.8 tonnes in 2023 and 57.6 tonnes in 2022 — with the vast majority exported, according to Doulaye Sanou, Secretary-General of Burkina Faso’s Ministry of Mines.

In numbers:
Growth since 2008 (5.6 tonnes): more than 10x increase.
Exports: 84% of total export value in 2024 (+3.6% from 80.4% in 2023).

Economic impact:
Direct state revenue: 567.226 billion CFA francs (~$1.02 billion) in 2024.
Supports local development through mining industry contributions.

Mining sector snapshot
22 industrial mining permits — 13 mines currently in production.
Top export markets: UAE and Switzerland (89.2% of total exports).

National policy
The National Society of Precious Substances purchased 13.049 tonnes of gold to build a national reserve.