Mozambique breaks Gold production record

Mozambique breaks Gold production record

Mozambique broke the gold production record in 2023, with more than 1.6 tons, above the projection for last year and for 2024, budget execution data indicates.

According to a report from the Ministry of Economy, cited by Lusa, with the budget execution from January to December, the country produced 1,666.4 kilograms of gold, an increase of 32% compared to 1,263.8 kilograms in 2022, already a record.

Each kilogram of gold is currently worth almost 67 thousand dollars on the international market, meaning that total Mozambican production represents almost 111.6 million dollars.

This was also an achievement of 124% compared to what was initially planned by the Mozambican Government, but also above projections for this year, which point to the production of 1,583 kilograms of gold, according to the same source.

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