Africa’s leading gold producer and the world’s sixth largest, is preparing a revision of its mining code to secure a larger share of revenues as gold prices rose by over 65% in 2025. Authorities plan to raise royalties from 3–5% to 9–12%, depending on global prices. The reform comes amid mounting fiscal pressure, with public debt estimated at $55.1bn and gold export revenues of about $10.5bn in 2025, raising concerns among foreign mining companies operating in the country.
