Newmont pours first gold at Ahafo North

Executive Summary

• Newmont Corp. completed its first gold pour at the Ahafo North project in Ghana on Sept. 19, 2025, marking a key step toward commercial production slated for Q4 2025.
• The project is expected to produce 275,000–325,000 oz of gold per year over a 13‑year mine life and will ultimately support ~560 permanent and 1,000 contracted jobs in Ghana.
• Completion of ore stockpiling, processing circuits, mining support facilities, and a tailings storage facility demonstrates that the project is on track for full operational readiness.

Key Details

• First Gold Pour: Occurred on Sept. 19, 2025 at Ahafo North, confirming successful commissioning of processing infrastructure.
• Production Outlook: Forecasted annual gold output of 275,000–325,000 oz over a 13‑year mine life.
• Employment Impact: ~4,500 contracted jobs created during construction; post‑ramp‑up will add ~560 permanent and 1,000 contracted positions.
• Infrastructure Completed:
• Ore stockpiling (initiated late 2024)
• Processing circuits and mining support facilities
• Tailings storage facility (TSA) commissioned
• Commercial Production Target: Expected in Q4 2025 once full operational readiness is achieved.
• Strategic Significance: Becomes Newmont’s second operational site in Ghana after divesting the Akyem mine (April 2025); reinforces Newmont’s long‑term growth strategy and presence in West Africa.
• Location: Afrisipakrom, ~30 km north of Ahafo South operations; part of the original Ahaff lease acquired from Normandy Mining in 2002.

Notable Quotes

“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,” – Tom Palmer, Chief Executive Officer, Newmont Corp.
“As we progress toward commercial production, we remain focused on generating enduring value for our shareholders, workforce, host communities and the government of Ghana.” – Tom Palmer