(Ecofin Agency) - In 2024, the Kibali gold mine in the Democratic Republic of Congo (DRC) produced 686,000 ounces, down 10% from the previous year. As a result, the mine lost its top producer title. Ghana’s Ahafo mine stripped away Kibali’s crown after producing 798,000 ounces.

Barrick Mining, Kibali’s operator, is resolved to reclaim the crown this year. In a May 7 report, the mine confirmed it targets up to 755,000 ounces this year. This could allow Kibali to reclaim the throne.

In 2024, Kibali’s gold production dropped 10% to 688,000 ounces. Meanwhile, Ahafo boosted output by 37% to 798,000 ounces. Even Mali’s Loulo-Gounkoto mine outperformed Kibali with 723,000 ounces produced.

Kibali produced 141,000 tonnes in Q1 2025, down 16% year-on-year. Regardless, Barrick expects a production rebound in the coming months and forecasts attributable output between 310,000 and 340,000 ounces.

Considering the stakes of other partners, the Congolese state (10%) and AngloGold Ashanti (45%, total production should range from 688,000 to 755,000 ounces. Meanwhile, Newmont projects 670,000 ounces at Ahafo. Loulo-Gounkoto has suspended production since mid-January and produced just 22,000 ounces in Q1 2025.

Kibali’s comeback hinges on its results in the next two quarters. Meanwhile, Ahafo kicked off the year by boosting production 7% to 205,000 ounces. Barrick and AngloGold had projected Kibali to produce 711,000 to 800,000 ounces last year, but it fell short because the gold grades were weaker than anticipated.

This article was initially published in French by Aurel Sèdjro Houenou

Edited in English by Ange Jason Quenum