Côte d’Ivoire’s gold mining industry continues to expand, with its 10 largest mining companies recording combined revenues of CFAF 2.6 trillion in 2025. The inauguration of the Koné gold mine marks another major step in the country’s efforts to increase production and attract mining investment.

Côte d’Ivoire’s gold sector is gaining economic importance. The country’s 10 largest gold mining companies generated combined revenues of CFAF 2,605.8 billion in 2025, up from CFAF 1,948.2 billion in 2024, representing a 33.8% increase, according to figures published by Sika Finance.

The growth comes as the West African country expands its mining operations, with new projects and increased production capacity reshaping the industry.

Société des Mines d’Ity topped the ranking with revenues of CFAF 528.5 billion. It was followed by Perseus Mining Yaouré, with CFAF 385.5 billion, and Société des Mines de Lafigué, which recorded CFAF 382.6 billion.

London-based Endeavour Mining maintains a significant presence in the sector through its operations at Ity and Lafigué. The Ity mine, whose operations date back to 1991, produced 319,000 ounces of gold in 2025, reinforcing its position as one of the country's major gold-producing sites.

The industry's expansion is also attracting new international investment.

On November 12, 2026, Ivorian authorities inaugurated the Koné gold mine in Fadiadougou, in the Kani department of northwestern Côte d’Ivoire. Developed by Canadian mining company Montage Gold, the project represents an investment of more than CFAF 580 billion.

With estimated reserves of 8.3 million ounces, equivalent to approximately 258 tonnes of gold, the mine is expected to produce around 10 tonnes annually during its first eight years of operation. Its projected lifespan is 20 years.

The new project is expected to strengthen Côte d’Ivoire's position among Africa's gold-producing countries. Continued investment and the development of new mining operations could further increase the sector's contribution to the national economy.

The challenge for the government will be to translate this mining growth into lasting economic benefits, particularly through public revenue, local employment and the development of economic activities around mining sites.