Africa’s gold sector has experienced rapid growth so far in Q4 2025, with major capital raisings, strategic mergers and new discoveries reshaping the continent’s project pipeline. From Ghana and Senegal to Mali, Guinea and Zimbabwe, developers have accelerated permitting, secured financing and moved towards construction and production milestones, poised for a surge in African gold production and investment activity as we head into 2026.
Blue Gold secures $65 million for Ghana Gold Project
Bluegold has secured $65 million in November 2025 to restart the Bogoso and Prestea mines in Ghana. This financing expands the project’s capital expenditures to $140 million, which includes an existing $75 million capital loan facility and will support the restart of the 5.1 million ounce mine.
Senegal’s Diamba Sud project moves forward
Senegal’s Diamba Soud Gold Project made rapid progress in October 2025. A $17 million budget has been approved for initial construction, and ongoing exploration is moving the project toward a 2026 construction decision. Five drilling rigs are currently in operation, with a focus on expanding the open area of mineralization and upgrading the inferred mineral resources.
African Gold mobilizes $14.9 million for Ivory Coast gold project
African Gold completed the sale of its Montage Gold stake in October 2025, mobilizing A$14.96 million for the Didievi Gold Project in Ivory Coast. The financing will help the company increase reserves at the Brufo-Guetto field to more than 1 million ounces with the addition of two drilling rigs to the project site in November 2025.
Kavango discovers gold in Zimbabwe
Kavango Resources has announced the discovery of an open pit gold deposit at the Nightshift Prospect at its Hillside Gold Project in Zimbabwe. The company plans to begin shallow selective open pit mining in the first half of 2026, with an initial mineral resource estimate of 20,000 oz. The company also plans to develop a 300 tonne per day gold processing plant at the nearby Bill’s Luck gold mine to process ore produced from the night shift.
Thubani mobilizes A$395 million for Marigold project
Toubani Resources has secured A$396 million through a private placement to advance its Kobada Gold project in Mali. The financing comes as the company targets a final investment decision in 2025 and aims to produce first gold in the third quarter of 2027. Once operational, the mine is expected to produce 162,000 ounces of gold annually from an estimated mineral resource of 1.1 million ounces.
Allied Gold Corporation begins energy program at Mali gold mine
Allied Gold Corporation has introduced a multi-phase energy program to support operations at its Sadiola gold mine in Mali. The program will facilitate the replacement of diesel-fired generators with modern 14 MW diesel power plants, improving operational efficiency and supporting mine expansion. Additional steps include developing a 35MW solar power plant and a 30MWh battery storage facility by 2027, as well as expanding thermal power generation and renewable energy capacity by 2028.
Asante Gold signs contract with Epiroc AB to support Ghanaian gold mine
Asante Gold has signed an agreement with Epiroc AB to support mining operations at the Tirano gold mine in Ghana. The service provider offers underground mining equipment, spare parts, technical support, digital solutions for monitoring machine performance and mineral production, thereby enhancing the operational efficiency of the project. The Tyrano gold mine produces 3.5 million tons per year and is one of the largest gold mines in the country.
Predictive and Robex merge to create Tier 1 Gold Producer
Predictive Discovery and Robex Resources have merged under a single ownership structure, creating a powerful platform for growth and financing across Guinea’s gold sector. The deal will combine Predictive’s $463 million Bankan project and Robex’s $243 million Kiniero mine, with the latter expected to reach commercial production in December 2025. Commissioning of the Bankan project is scheduled for 2028, with production expected to be 250,000 oz.
Avanti Gold increases installation of DRC mine to CA$25 million
Avanti Gold has increased its private placement in the Misisi project in the Democratic Republic of the Congo from C$15 million to C$25 million. The additional funding will support future exploration activities while advancing operations at the 44.3 million tonne deposit.
