By: Mozambique mining journal

This latest surge in production builds on the record-breaking year of 2023, when Mozambique produced over 1.6 tonnes of gold. This significant increase can be attributed to several factors, including improved control over artisanal mining and the positive performance of major mining companies like Explorator and KD Prospero.

The government’s focus on artisanal mining has played a crucial role in boosting overall production. By regulating and formalizing artisanal mining activities, the government has been able to tap into a significant source of gold production. Additionally, the strong performance of established mining companies has contributed to the sector’s growth.

The continued growth in Mozambique’s gold production has significant implications for the country’s economy. It can lead to increased foreign exchange earnings, job creation, and revenue generation for the government. As the country continues to develop its mining sector, it is expected to play an increasingly important role in driving economic growth and reducing poverty.