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Newmont Corporation (NYSE:NEM, ASX: NEM, PNGX: NEM))) ("Newmont" or "the Company") today announced that its Ahafo North project in Afrisipakrom, Ghana has achieved commercial production, marking the successful completion of one of West Africa's most significant recent mining developments.
The announcement follows the successful first gold pour achieved on September 19, 2025, and represents the culmination of a comprehensive development program that included extensive infrastructure construction, processing facility commissioning, and workforce development initiatives.
Ahafo North is expected to produce approximately 50,000 ounces of gold in 2025, with production ramping up through 2026 to achieve full operational capacity. Over the next five years, the operation is positioned to deliver between 275,000 and 325,000 ounces of gold annually over a 13-year mine life, making it a cornerstone asset in Newmont's global portfolio.
Ahafo North represents Newmont's third mining investment in Ghana and, following the divestment of the Akyem mine in April 2025, establishes the company's second operational site in the country, expanding Newmont's existing footprint with four open pit mines and a stand-alone mill. Located approximately 50 kilometers from Newmont's existing Ahafo South operation, Ahafo North leverages operational synergies and has created substantial economic opportunities, generating approximately 4,500 contracted jobs during construction and establishing approximately 560 permanent and 1,000 contracted positions for ongoing operations.
Posted In: NEM
