+134% gold production: How the Managem group is investing $750 million to dominate Africa

Managem Group is deploying a massive $750 million plan to transform its mining profile. The goal is to increase production from 213,000 ounces in 2025 to 500,000 ounces per year by 2030. This expansion is based on an exceptional year in 2025, when the group’s revenues soared by 55% to reach $1.3 billion. Gold now accounts for more than half of the company’s earnings, driven by a 44% price increase.

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The group already operates in eight African countries, with flagship activities in Sudan, the DRC, and Senegal. New strategic projects will support this growth, such as the Etéké site in Gabon, scheduled for 2028, and the Karita project in Guinea. According to the FXStreet analysis, the management believes that these investments are "aligned with favorable conditions, positioning the company for further growth in a strong gold market".

The group, which has also seen its silver production increase by 18%, is betting on the sustainability of the bullish market despite the recent price declines linked to geopolitical tensions between Israel and Iran.

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The initiative is part of an African trend towards gold to reduce dependence on the dollar. Countries like Tanzania, Ghana, and Nigeria are multiplying domestic purchases to strengthen their foreign exchange reserves. In Nigeria, the authorities have even repatriated reserves to limit risks related to the American economy. According to the World Gold Council, this dynamic aims to use the yellow metal as a hedge against inflation and financial shocks.