Tanzania's Gold Investment Soars to $9.79 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Source: Globenewswire
- Surge in Gold Investment: In 2024, Tanzania's mining investment reached $9.79 billion, accounting for nearly 75% of all foreign capital inflows into key sectors, indicating the country's emergence on the global gold map and attracting significant international investment.
- Central Bank Gold Buying Outlook: The World Gold Council anticipates that central banks will purchase approximately 850 tonnes of gold in 2026, maintaining last year's elevated levels, which supports price stability for developers already in the construction phase, thereby reinforcing market confidence.
- Financing Accelerates Project Development: Lake Victoria Gold secured a gold loan facility worth up to $25 million, with a non-dilutive structure that will support the development of its Imwelo Gold Project, with the CEO stating that the financing will expedite on-ground work and engineering progress.
- Government Support and Collaboration: The Tanzanian government has begun incorporating its statutory 16% free carried interest, while Lake Victoria Gold is finalizing an agreement with Nyati Resources for toll milling at the Tembo project, which is expected to generate early cash flow and reduce capital expenditure risks.
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Analyst Views on GFI
Wall Street analysts forecast GFI stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 46.200
Low
39.00
Averages
51.00
High
64.00
Current: 46.200
Low
39.00
Averages
51.00
High
64.00
About GFI
Gold Fields Limited is a globally diversified gold producer with approximately nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada. The Company is involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It has a total attributable annual gold-equivalent production of over 2.30 million ounces (Moz), gold mineral reserves of 44.6 Moz and gold mineral resources of 30.3 Moz (excluding mineral resources). In Peru, the Company also produces copper. Its economic interest in the South Deep mine in South Africa is 96.43%. It also owns 100% of the St Ives, Agnew, Granny Smith mines and around 50% of the Gruyere gold mine in Australia, and 90.0% of the Tarkwa and Damang mines in Ghana and 45% of the Asanko mine in Ghana. It owns 99.5% of the Cerro Corona mine in Peru. It also has 100% ownership of the Windfall Project in Canada’s Quebec province.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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