Gold production is highly varied, with an estimated 100 – 150 000 artisinal miners extracting between 3 and 4 t per year. Madagascar is estimated at producing as much as 70 t of gold from ten gold producing regions. Most of Madagascar’s gold deposits are Precambrian in age and are typically mesothermal lode type deposits. Gold smuggling is a major problem. Several Canadian junior companies are actively exploring for gold in Madagascar, mainly in the northern parts, in particular the Betsiaka Goldfield. Although the potential to locate a low grade bulk tonnage gold deposit exists, no major announcement has been made to date.

Facilities (5)
Ambatovy Mine, Andriamana, Andriamena, Bemanevika, Toalagnaro

Shaun Bakamoso

Greetings. I'm Shaun Bakamoso, and I'm thrilled to be your guide through the dynamic world of business news in South Africa here at mbendi.co.za. With a passion for staying informed and a keen interest in the ever-evolving landscape of business, I've dedicated myself to providing you with timely, insightful, and comprehensive coverage of the latest developments impacting the South African economy. bakamoso@gmail.com / Instagram