Kibali Gold Mine DRC: Ownership, Production | 2026 Update
Explore Kibali Gold Mine, Africa’s largest gold producer in the Democratic Republic of Congo. Get the latest on production figures, ownership, mining methods, and why it’s a key opportunity for gold investors and traders. Updated January 2026.
Kibali Gold Mine: Africa’s Largest Gold Producer in the DRC Congo
Kibali Gold Mine is one of Africa’s largest and most productive gold mines, located in the northeastern Democratic Republic of Congo (DRC). As a cornerstone of gold mining in Congo, it stands out for its impressive annual output, advanced technology, and commitment to sustainability.
For gold investors and traders, Kibali represents a stable, high-yield asset in a region rich with untapped potential, contributing significantly to global gold supply amid rising demand.
Since its first pour in 2013, the mine has produced millions of ounces, making it a benchmark for efficiency and profitability in the industry.
This article delves into every aspect of Kibali Gold Mine, from its precise location and ownership structure to production stats, environmental practices, and comparisons with other top African operations.
Whether you’re evaluating investment opportunities or tracking gold market trends, understanding Kibali’s operations provides valuable insights into the DRC’s growing role in the global gold economy.
With gold prices hovering around $2,500 per ounce in early 2026, mines like Kibali are pivotal for traders seeking exposure to African commodities.
Where Is Kibali Gold Mine Located?
Kibali Gold Mine is situated in the Haut-Uélé province of the Democratic Republic of Congo, specifically within the Watsa and Faradje territories.
It’s approximately 220 kilometers east of Isiro, the provincial capital, 150 kilometers west of Arua on the Ugandan border, and about 1,800 kilometers from the port of Mombasa in Kenya.
The mine spans a vast concession area of 1,836 square kilometers in the historic Kilo-Moto goldfields, part of the Moto greenstone belt—a geologically rich zone known for high-grade gold deposits.
Nearest towns include Durba and Watsa, which serve as logistical hubs. Accessibility is challenging due to the remote terrain, relying on road networks from Uganda and air transport for personnel and supplies.
The geological setting features Archean greenstone belts with orogenic gold deposits, ideal for large-scale mining. For visual context, here’s an aerial view of the expansive site:
This strategic location near international borders facilitates exports, but it also poses logistical hurdles that the operators have addressed through infrastructure investments.
Ownership & Operatorship
Who is the owner of Kibali Gold Mine? The mine is owned by Kibali Goldmines SA, a joint venture comprising Barrick Gold Corporation (45%), AngloGold Ashanti (45%), and Société Minière de Kilo-Moto (SOKIMO), a state-owned entity holding 10%. Barrick Gold serves as the operator, overseeing daily management and strategic decisions.
Historically, ownership evolved from early explorations by Moto Goldmines in the 2000s to a joint venture between Randgold Resources (now part of Barrick) and AngloGold Ashanti in 2009. Barrick’s acquisition of Randgold in 2019 solidified its role.
This structure ensures shared expertise and risk, appealing to investors as it combines North American operational prowess with South African mining heritage.
For traders, the stability of this ownership mitigates geopolitical risks in the DRC, making Kibali a reliable source of gold supply.
History of Kibali Gold Mine
Gold was first discovered in the Kilo-Moto region in 1903 by Australian prospectors Hannam and O’Brien during the Congo Free State era. Industrial production began in 1906, with SOKIMO established in 1926 to manage operations.
Peak output occurred in the 1950s from deposits like Gorumbwa and Durba, but production declined post-independence in 1960 amid political instability and civil wars in the 1980s-1990s, shifting to artisanal mining.
Modern development restarted in 1998 with a joint venture between Barrick (then) and AngloGold Ashanti discovering the Karagba-Chaffeur-Durba (KCD) deposit, though halted by unrest. Moto Goldmines revived it in 2004, leading to the 2009 joint venture.
Construction began in 2010, with first gold poured in September 2013 after a $1.7 billion investment. Major milestones include underground mining starting in 2013, full commissioning in 2014, and ongoing expansions that extended the mine life beyond initial estimates.
By 2026, Kibali has replaced depleted reserves through exploration, sustaining production. For investors, this history underscores resilience and long-term value in volatile markets.
Gold Production & Output
How much gold does Kibali produce? In 2025, Kibali Gold Mine produced approximately 687,000 ounces of gold, based on first-half output of 306,667 ounces, a strong Q3 surge to 191,000 ounces (up 21% year-over-year), and estimated Q4 performance aligning with targets. This marks a stable performance from 2024’s 687,000 ounces (full mine basis).
Historical production highlights:
- 2013: Partial year, ~88,000 ounces
- 2019: Peak at 814,000 ounces
- 2020-2023: Averaged ~750,000 ounces annually
- 2024: 687,000 ounces
- 2025: ~687,000 ounces (preliminary)
Total proven and probable reserves as of December 31, 2024, stand at 10.2 million ounces (full mine), with measured and indicated resources at 16.2 million ounces. The estimated mine life extends to 2033, with potential for further extensions via exploration in the ARK-KCD corridor.
Compared to other African mines, Kibali leads in output. For investors, these figures translate to robust cash flows—Barrick’s 45% share yielded $1,123/ounce all-in sustaining costs in 2024, offering attractive margins at current gold prices.
|
Year |
Annual Production (ounces) |
Key Notes |
|
2013 |
88,000 |
First pour |
|
2019 |
814,000 |
Record high |
|
2024 |
687,000 |
Strong throughput |
|
2025 |
687,000 |
Q3 surge |
How much is gold in Kibali? Reserves total around 10.2 million ounces, valued at over $25 billion at $2,500/oz spot prices in 2026, making it a treasure trove for long-term investment.
Mining Methods Used at Kibali
Kibali employs a combination of open-pit and underground mining methods to extract gold efficiently. Open-pit operations target shallower deposits like Sessenge and Pakaka, using conventional truck-and-shovel techniques.
Underground mining, which began in 2013, focuses on deeper high-grade zones such as the KCD complex, utilizing long-hole stoping and paste backfill for stability.
Processing involves a 7.2 million tonnes per year plant with sulphide and oxide circuits, including crushing, milling, flotation, and cyanide leaching.
Advanced technology includes automation for underground operations, real-time monitoring, and a grid stabilizer for power management. Here’s an image of the processing plant:
Infrastructure & Power Supply
Kibali’s infrastructure is a model for remote mining. It includes three run-of-the-river hydropower stations on the Nzoro River—Kibali, Sessenge, and Azambi—supplying up to 44 MW, covering most energy needs. A 16 MW solar plant and 7.5 MW battery storage system, commissioned in 2021, enhance renewable integration, reducing diesel reliance. Backup includes a 32 MW thermal generator.
Transport relies on upgraded roads to Uganda, with air strips for logistics. Worker facilities in the Kokiza township include housing, schools, and healthcare for 5,000+ residents. This setup minimizes costs, appealing to cost-conscious investors.
Economic Importance of Kibali Gold Mine
Kibali contributes over $6.3 billion to the DRC economy since inception, including $3.1 billion in royalties, taxes, and dividends. It employs over 7,000 people, 94% Congolese, boosting local GDP in Haut-Uélé. Community investments in infrastructure, like roads and bridges, have spurred regional development.
For gold traders, Kibali’s output influences African supply chains, stabilizing prices. Its role in DRC’s gold exports (over 30% of national production) underscores its macroeconomic impact.
Environmental & Social Responsibility
Kibali prioritizes sustainability, with 80%+ renewable energy reducing carbon emissions. Measures include acid mine drainage prevention, water management, and biodiversity programs. Social initiatives fund education, healthcare, and agriculture for local communities, including the Kokiza resettlement with modern amenities.
Projects like skills training and women’s cooperatives build long-term trust, aligning with ESG standards valued by investors.
Safety, Security & Challenges
Safety records are strong, with automation reducing risks. However, challenges include remote logistics, security from regional instability, and regulatory changes in DRC mining codes. Operational hurdles like power intermittency are mitigated by batteries. Balanced reporting enhances credibility for stakeholders.
Kibali Gold Mine vs Other African Gold Mines
Is Kibali one of the biggest gold mines? Yes, Kibali is Africa’s largest by production in 2025, outpacing peers with advanced tech and reserves.
|
Mine |
Location |
2025 Production (oz) |
Owner |
Key Comparison |
|
Kibali |
DRC |
~687,000 |
Barrick/AngloGold/SOKIMO |
Largest; 80% renewable energy; 10M+ oz reserves |
|
Loulo-Gounkoto |
Mali |
~550,000 |
Barrick |
Similar operator; underground focus; shorter life |
|
Fekola |
Mali |
~500,000 |
B2Gold |
Open-pit dominant; lower costs but security risks |
|
Ahafo |
Ghana |
~450,000 |
Newmont |
Established; community focus; less renewable |
|
Tarkwa |
Ghana |
~551,000 |
Gold Fields |
Open-pit; high throughput; mature operation |
Kibali excels in longevity and sustainability, making it a top pick for investors seeking diversified African exposure.
FAQs about Kibali Gold Mine
Who owns Kibali Gold Mine?
Kibali Goldmines SA, jointly owned by Barrick Gold (45%), AngloGold Ashanti (45%), and SOKIMO (10%). Barrick operates it.
How much gold does Kibali produce annually?
Approximately 687,000 ounces in 2025, with similar expectations for 2026.
Is Kibali the largest gold mine in Africa?
Yes, it’s Africa’s largest by production volume as of 2025.
Is Kibali Gold Mine still operating?
Yes, fully operational with an extended life to 2033+.
Can investors buy gold directly from Kibali?
No, gold is sold through international markets via owners like Barrick. Investors can gain exposure via stock in Barrick (NYSE: GOLD) or AngloGold (NYSE: AU).
How much is gold in Kibali?
Reserves hold ~10.2 million ounces, valued at $25+ billion at current prices. Production costs are ~$1,123/oz AISC.
Conclusion
Kibali Gold Mine exemplifies the immense gold potential of the Democratic Republic of Congo and its pivotal role in global gold supply. With strong production, sustainable practices, and investor-friendly ownership, it’s a prime asset for those in the gold market.
For gold investors or traders, consider exploring Barrick or AngloGold stocks to capitalize on Kibali’s output. Stay updated on DRC developments for optimal trading strategies—contact a financial advisor today to discuss African gold investments.