Gold production grew by a record 32% last year

Produção de ouro registou um crescimento recorde de 32% no ano passado

Mozambique recorded record gold production last year, at 1,666.4 kilograms compared to 1,263.8 kilograms in the same period the previous year.

The data is contained in the Balance of the Economic and Social Plan and State Budget (BdPESOE), recently released by the Ministry of Economy and Finance (MEF) and to which the MZNews had access to.

According to the document, "this result represents record growth of 32% and a realization rate of 124%".

Overall, production in the extractive industry sector grew by 35.9% during the period under review, influenced by the production of natural gas in the Rovuma Basin, despite the adversities experienced in 2023, in particular the fluctuations in international market trends, the stoppage of the activities of the companies with the greatest weight in the production structure, the military conflict in the northern zone, the long rainy season and Cyclone Freddy.

Share this article

Leave a Reply

Your email address will not be published.