Moroccan mining group Managem has officially initiated gold production at the Boto Mine, marking a major milestone for the company’s West African portfolio and strengthening its role in the global gold and raw materials market.
Situated in southeastern Senegal’s Kédougou region, the Boto Mine is designed to deliver around 160,000 ounces of gold per year during its initial three years of operation. The site holds an estimated 1.8 million ounces of gold reserves, positioning it among the region’s most promising gold-deposits.
Backed by a total investment of €350 million, the mine is projected to operate for more than a decade, supported by large-scale open-pit extraction capabilities. Its mining infrastructure can handle 35 million tons of ore annually, complemented by a modern processing plant capable of treating 2.75 million tons of ore each year.
To ensure stable and efficient operations, the project includes a 23 MW power station, water and residue management dams, a fuel depot, on-site housing, an airstrip, and a specialized road network connecting the mine to nearby regions. These facilities are designed to boost performance while aligning with broader environment and sustainability considerations within the mining sector.
The mine’s construction phase generated over 2,500 jobs, with the vast majority filled by local workers. As Boto transitions into full operation, it is expected to create over 1,500 direct and indirect jobs, delivering long-term economic benefits to surrounding communities and supporting Senegal’s ambitions to grow its extractive industry.
With the launch of production, Managem strengthens its position as a key player in Africa’s mining landscape—particularly in the gold and raw resources sectors—while contributing to the rising global demand for strategic minerals.
