Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) announced Monday the first gold pour at its Ahafo North project in Ghana took place on September 19,marking a critical milestone toward commercial production in the fourth quarter of 2025.This follows the completion of key development phases, including ore stockpiling that began in late 2024, and the commissioning of critical infrastructure, such as processing circuits, mining support facilities, and a tailings storage facility. The project is currently ramping-up toward full operational readiness.The world’s biggest gold miner began advancing the Ahafo North project in 2021. The project, located at Afrisipakrom, 30 kilometers north of the company’s existing Ahafo South operations, will add more than three million ounces of gold production over an initial 13-year mine life, the company said. Ahafo North is part of the broader Ahafo lease acquired from Normandy Mining in 2002. Considered the best unmined gold deposit in West Africa, Ahafo North is the company’s third mining investment in Ghana and, following the divestment of the Akyem mine in April 2025, will become Newmont’s second operational site in the country.“The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering, and construction, and builds on the strength of our world-class portfolio,” Newmont CEO Tom Palmer said in a news release.Ahafo North is expected to deliver between 275,000 and 325,000 ounces of gold annually over a 13-year mine life. The project has created approximately 4,500 contracted jobs and once operational, will create approximately 560 permanent and 1,000 contracted roles – while contributing significantly to Ghana’s economy through royalties, taxes, fees and local development programs, the company said.
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