Morila Gold Mine

The Morila Gold Mine is one of the world's great open pit gold mines, having produced over 7.5Moz of gold and paying more than $2.5 billion to its stakeholders in form of dividends and taxes since operation began in October 2000 at grades that were among the highest in the world, earning it the moniker “Morila the Gorilla”. AngloGold Ashanti & Barrick Gold The first to drill at the Morila deposit was BHP, that sold it to Randgold Resources (Rangold), in 1996. Rangold then discovered the main mining pit in 1997. And thereafter, a joint venture between Rangold (now Barrick Gold) and AngloGoldAshanti was formed in 2000. In 2009 the mine transitioned to a stockpile treatment operation and began processing tailings in 2013 with the plan to close the site in 2021. Acquisition by Firefinch Firefinch acquired Morila for just US$28.9m in November 2020 from Barrick Mining Corporation and AngloGold Ashanti who both held 40% of the mine with the Government of Mali possessing the other 20%. The Australian lithium company then owned 80% of the mine through the joint venture Societe des Mines de Morila with the Government of Mali owning 20% of the company. Firefinch’s 2021–2030 Life of Mine Plan planned to mine and process 37.5 million tonnes at 1.33g/t, aiming to recover 1.45 million ounces of gold by 2030, with an average annual output of 160,000 ounces. The plan foresaw in 2022 that production will ramp up with mining resuming at the main Morila pit, targeting a 1.49Moz resource. Exploration across 685km² of surrounding tenements was intended to be a major focus, too. Thereafter the company tried to sell the asset, but the Government of Mali blocked the divestment searching for a transfer of ownership to a state-owned company. Takeover by the Government of Mali At the end of June 2025 the Malian government announced the acquisition of the mine for a symbolic dollar after months of negotiations. A 2021 report by Firefinch estimates a reserve of 500,000 ounces of gold in low-grade reserves still minable. == Geology and Location ==

The Morila Gold Mine is located approximately 11 kilometres south of Sanso village and 175 kilometres west of Sikasso, the capital of the southern region of Mali with the nearest four villages being Morila, Sanso, Fingola and Domba. The pit is accessible via paved roads until 35km of the destination from Bamako which is 270km north-west (180km linear distance) of the mine. It is located within the 211km2 Morila mining licence that was given out and permitted on the 28th of April 1992 and was granted for 30 years. Gold mineralization at Morila is closely associated with sulphide minerals, particularly arsenopyrite, which accounts for approximately 80% of the sulphide content. Lesser amounts of pyrrhotite (15%) and pyrite (5%) are also present. Pyrrhotite is widespread throughout the metasediments and typically occurs as irregular grains that may include chalcopyrite inclusions. Visible gold is not uncommon and may be observed in association with these sulphides. Mineralization is structurally controlled and primarily occurs within a zone of relatively flat-lying, stacked quartz veins located at depths between 70 and 130 metres below surface. In some areas, the geometry of the orebody is modified by shearing and faulting, resulting in steeper orientations of the mineralized zones. The morila mine currently consists out of four pits, including Morila Pit 5 and three satellite pits, namely Koting, N’Tiola, and Viper. ==Production==

Production figures of the recent past were: == References ==