News Industry

Barrick’s Kibali Mine in DRC Posts 21% Jump in Q3 Gold Output

Barrick’s Kibali Mine in DRC Posts 21% Jump in Q3 Gold Output
Tuesday, 11 November 2025 05:16
  • Kibali gold mine Q3 output rises 21% to 191,000 ounces
  • Boost driven by 133% increase in open-pit ore production
  • Barrick maintains full-year target; Kibali aims to reclaim top Africa spot

Kibali, the Democratic Republic of Congo’s largest gold mine, produced 191,000 ounces of gold in the third quarter of 2025. According to a financial report released by operator Barrick Gold on Monday, November 10, the output represents a 21% year-on-year increase from the 159,000 ounces recorded in the same period of 2024.

Barrick said the stronger performance was mainly driven by the ramp-up of open-pit operations at the Kibali complex. Ore output from these pits rose by 133%, offsetting a decline in deliveries from the underground mines.

From January to September, Kibali’s total production reached 498,000 ounces, slightly below the 509,000 ounces produced over the same period last year. Despite this shortfall, the company is maintaining its full-year production target of 688,000 to 755,000 ounces. Hitting that goal will depend on fourth-quarter output, particularly after Kibali missed its annual target in 2024.

Reaching the guidance range could allow the mine to regain its title as Africa’s largest gold producer. Kibali lost the top spot to Ghana’s Ahafo mine in 2024. Ahafo, operated by Newmont Corp., is expected to produce around 670,000 ounces this year, according to company projections.

Aurel Sèdjro Houenou

On the same topic
Morocco welcomed 16.6M tourists Jan-Oct 2025, up 14% year-on-year Annual arrivals may exceed 19M, surpassing 18M government target Tourism revenues...
Kibali gold mine Q3 output rises 21% to 191,000 ounces Boost driven by 133% increase in open-pit ore production Barrick maintains full-year target;...
U.S. adds uranium to critical minerals list, now totaling 60 substances Move reflects rising nuclear fuel demand and supply chain concerns U.S....
Germany committed €21 million ($24.28 million) to fund Nigeria's clean energy transition and capacity building. The funding targets the...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...

U.S. Stays Course on African Rare Earths, Despite China Deal
04

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
05

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...

CEMAC Regulator Quadruples Bank Capital Requirement, Matching Regional Trend
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.