Madagascar is an Island that is famous for the production of high-quality Gold, precious Stones like Ruby, Emerald, Sapphire, crystalline flake, graphite, mica and semi-precious stones, and chemical and metallurgical chromite.

According to the state's export statistics, Madagascar experienced a notable increase in gold production from 2016 to 2020, despite challenges like artisanal mining and seasonal fluctuations caused by the rainy season. During this period, gold output grew by 580 kilograms, reaching a total of 3,000 kilograms. A study conducted during this time revealed that the global market strongly influences gold prices in Madagascar. Remarkably, gold maintained its status as a safe investment, even in the face of the global economic impact of the health crisis.

Gold production in a specific region can vary significantly from one operator to another. Gold prices also exhibit a distinct seasonal pattern. Historically, the months from August to February tend to see higher gold prices. This uptrend typically begins in August, coinciding with the start of India's festival season. Following that, India's wedding season, which spans from September to January, contributes to the upward trend. The festivities continue with the Chinese New Year celebrations in January and February. These recurring events played a significant role in driving up the price of gold during these specific periods.

Nigerian mining of the 98 km2 Ambodilafa Project in Madagascar has made progress, according to the most recent information on mining in Madagascar. It spans 17 km in length and 5 km across the Vohipaha ultramafic complex, 160 kilometers southwest of Antananarivo, the capital of Madagascar. The mafic-ultramafic body extends to the prospect's north, with the majority of the northwest region appearing to be a well-developed site.