(Ecofin Agency) - Senegal’s second-largest gold mine, the Mako mine, produced around 120,000 ounces of gold in 2023. This year, Resolute Mining, which owns the project, expects it to produce 140,000-150,000 ounces.

The Mako mine hosts 936,000 ounces (26.53 tonnes) of gold mineral resources as of December 31, 2023. That is 37% more than estimated as of December 31, 2022. Australian firm Resolute Mine, which owns the mine, disclosed the new estimate in a report dated 8 March 2024. 

This increase is primarily attributed to the initial mineral resource estimate for the Tomboronkoto satellite deposit. Located 20 km from the mine's processing plant, Tomboronkoto hosts 403,000 ounces of inferred mineral resources. In 2024, Resolute plans to conduct additional work to increase the deposit's resources and convert at least a portion into indicated resources, a more reliable category for future exploitation.

Mako is the second-largest gold mine in Senegal, behind Endeavour Mining's Sabodala-Massawa gold complex. It delivered 119,847 ounces in 2023–an output that Resolute hopes will rise to 140,000–150,000 ounces in 2024.

Emiliano Tossou