Burkina Faso Price Update – Field prices remain steady at 82% of spot, 12% below pre-Covid
By Adama Ouedraogo - May 21, 2020
Artisanal gold mining re-opened May 4, 2020. Field prices for gold, which had fallen to as low as 54% of spot, bounced back up to around 82% by May 6. This latest update, May 20, shows prices remaining steady in the low 80% range. 
Today in the field of our contacts the price offered varies from 24,000 CFA francs to 28,500 CFA francs. The price of carat gold on mining sites is on average 1,180 F CFA today May 20, 2020.
Today’s spot price (May 20, 2020 at 11:00 GMT) is US $ 56.29 per gram of pure gold or US $ 2.3454 / carat.
US $ 1 = F 599.8447
| Mine sites, cities, ANEEMAS | Purity
(carat) |
Price
CFA/ct |
Price
CFA/g |
Price
(US$/g) |
Price
% spot |
| Fandjora | 22 à 23 | 1 200 F | 28 00 | 46.68 | 85.35% |
| Moussobadougou | 20 à 22 | 1 180 F | 25 000 | 41.68 | 83.92% |
| Tangoani | 21 | 1 170 F | 24 000 | 40.01 | 83.21% |
| Diosso | 23+ | 1 200 F | 28 500 | 47.51 | 85.35% |
| Kyin | 23+ | 1 200 F | 28 500 | 47.51 | 85.35% |
| Djarkadougou | 21 à 22 | 1 180 F | 26 000 | 43.34 | 83.92% |
| Diebougou | 22 | 1 180 F | 26 000 | 43.34 | 83.92% |
| Gnikpière | 22 | 1 180 F | 26 000 | 43.34 | 83.92% |
| Moulé | 22 | 1 180 F | 26 000 | 43.34 | 83.92% |
| Gaoua | 21 à 22 | 1 180 F | 25 000 | 41.68 | 83.92% |
| Tonka-la-mine | 22 | 1 180 F | 26 000 | 43.34 | 83.92% |
| Bantara | 20 à 22 | 1 180 F | 25 000 | 41.68 | 83.92% |
| ANEEMAS | 22 | 1 190 F | 26 180 F | 42.78 | 84.63% |
Sources: site managers, artisanal miners, local buyers, ANEEMAS agents,
Best regards, Team Burkina Faso
Adama Ouedraogo is the coordinator of field operations responsible for community relations for the AGC and planetGOLD Burkina Faso
The planetGOLD Burkina Faso project is working toward eliminating mercury in the ASGM sector by improving availability of mercury-free technologies, shortening the gold supply chain, and increasing artisanal and small-scale miners’ direct
access to the international market.
The planetGOLD Burkina Faso project is implemented by the United Nations Industrial Development Organization (UNIDO), co-financed by the Artisanal Gold Council, Argor Heraeus and the government of Burkina Faso, and executed by the Artisanal Gold Council.
Visit planetgold.org/burkinafaso to learn more and sign up for updates