Gold production in Mozambique grew by 19% in the first half of the year, compared to the same period last year, to more than 917 kilograms, according to official figures from the Ministry of Economy and Finance (MEF).

According to a MEF report, quoted by the newspaper "O País", this represents 58% of the target of 1,583 tons for the whole of 2024, compared to the 769 kilograms achieved in the same period of 2023.

According to the newspaper, each kilogram of gold is currently worth around 73,000 euros on the international market, meaning that Mozambique's total production in the first half of the year represents almost 66.9 million euros.

In 2023, Mozambique had already broken the record for gold production, with more than 1.6 tons, higher than projected for last year and for 2024, according to budget execution data.
Also according to the same report, the country produced 1666.4 kilos of gold, an increase of 32% compared to the 1263.8 kilos in 2022, already a record.

It was also an achievement of 124% compared to what the Mozambican government had initially planned, but also above the projections for this year, which point to the production of 1583 kilos of gold.

"The gold production plan indicates a growth of 3% compared to the projections for the year 2023," reads the documents supporting the proposal for the Economic and Social Plan and State Budget (PESOE) for 2024.

The document adds that this expected growth is the result of "greater control of artisanal mining", but also due to the "positive performance of production companies" in the country.