Update from Niger – new ASGM Gold Prices
By A. Kader - April 29, 2020
These new gold prices come to us courtesy of A. Kadar in Niger. (Thanks Kadar). They are also available in our Gold Prices Database
The prices we obtained at the site level concern the purities normally found at the Tabelot and Komabangou sites. One has to take into account the richness in gold content of the sites of the Agadez region compared to the Tillabery sites. For comparison, in Tillabery, it takes a ton of rock to produce 1.5g of gold, while in the Agadez region, you have sites where a 150kg bag can give between 3 to 11g. This is why we have a significant population of the west Zarma population on the sites of Agadez. With their experience, they constitute the main workforce on the sites.
Here are the prices with corresponding purity in carats.
Date: 28 April 2020
|Mine Site||Price per g
|Komabangou||17,000 to 22,000||21 to 22||$28.05-36.30||58%-72%|
|Tabelot (superior quality)||18,000 to 27,000||22||$29.70-$44.55||59%-88%|
|Tabelot 2 (medium quality)||13,000 to 20,000||18||$21.45-$33.00||52%-80%|
|Tabelot 3 (lower quality)||7,000 to 8,000||11||$11.55-$13.20||46%-52%|