(Ecofin Agency) - Allied Gold operates three gold mines in West Africa: Bonikro and Agbaou in Côte d'Ivoire, and Sadiola in Mali. In 2022, these three mines delivered 371,000 ounces or 10.52 tons of gold.

Canadian mining company Allied, with operations in Mali and Côte d'Ivoire, announced it has generated a total of 343,817 ounces (around 9.75 tons) of gold in 2023. In a February 21 press release, the company detailed that nearly half of this production, or 171,007 ounces (about 4.85 tons), came from the Sadiola Gold Mine in Mali.

The company operates three gold mines in West Africa, namely Bonikro and Agbaou in Côte d'Ivoire, and Sadiola in Mali. Together, these mines produced 371,000 ounces, or 10.52 tons, of gold in 2022. These figures mean that the 2023 output marks a 7% decrease from the previous year. In 2022, Sadiola delivered 175,000 ounces, while Bonikro and Agbaou in Côte d'Ivoire contributed 196,000 ounces combined. Last year, Bonikro produced 99,409 ounces, and Agbaou accounted for 73,401 ounces, totaling 172,810 ounces for the Ivorian mines.

Allied Gold did not specify the reasons behind the decline in production. However, the company anticipates a rebound in 2024, projecting a production range of 375,000 to 405,000 ounces of gold. Sadiola is expected to remain a key asset, with its output estimated between 195,000 and 205,000 ounces. Bonikro is forecasted to produce between 95,000 and 105,000 ounces, while Agbaou between 85,000 and 95,000 ounces.

To achieve these targets, Allied Gold plans to invest $62 million in its West African operations in 2024, with $47.5 million for the Sadiola Gold Mine alone. $24.5 million will also be allocated for exploration across the company's three assets in the sub-region, including $10.5 million for the Bonikro mine in Côte d'Ivoire.