Precious Metals
Kibali gold mine Q3 output rises 21% to 191,000 ounces
Kibali, the Democratic Republic of Congo’s largest gold mine, produced 191,000 ounces of gold in the third quarter of 2025. According to a financial report released by operator Barrick Gold on 10th November 2025, the output represents a 21% year-on-year increase from the 159,000 ounces recorded in the same period of 2024.
Barrick said the stronger performance was mainly driven by the ramp-up of open-pit operations at the Kibali complex. Ore output from these pits rose by 133%, offsetting a decline in deliveries from the underground mines.
From January to September, Kibali’s total production reached 498,000 ounces, slightly below the 509,000 ounces produced over the same period last year. Despite this shortfall, the company is maintaining its full-year production target of 688,000 to 755,000 ounces. Hitting that goal will depend on fourth-quarter output, particularly after Kibali missed its annual target in 2024.
Reaching the guidance range could allow the mine to regain its title as Africa’s largest gold producer. Kibali lost the top spot to Ghana’s Ahafo mine in 2024. Ahafo, operated by Newmont Corp., is expected to produce around 670,000 ounces this year, according to company projections.