Wedoany.com Report-Oct. 27, Newmont has achieved commercial production at its Ahafo North project in Afrisipakrom, Ghana, marking the completion of one of West Africa’s largest new gold developments. The milestone follows the project’s first gold pour on September 19, concluding a multiyear development programme that included constructing extensive infrastructure, commissioning processing facilities, and implementing workforce training initiatives.

Tom Palmer, Newmont CEO, said: “Achieving commercial production at Ahafo North represents a significant milestone for Newmont and our partners in Ghana. This new world-class operation demonstrates our commitment to operational excellence while creating enduring value for our investors, communities, host governments and all our stakeholders in this premier mining jurisdiction. It’s rare in our industry to see a new mine come to life within a single career. I’m incredibly proud of what our teams have achieved and honored to have been part of this project from the very beginning.” Palmer is set to retire as CEO at the end of December.

Ahafo North is projected to produce about 50,000 ounces of gold in 2025, with output expected to ramp up in 2026 to reach full operational capacity. Over the next five years, production is forecast at 275,000–325,000 ounces per year, with a total mine life of 13 years.

The mine represents Newmont’s third major investment in Ghana. Following the divestment of the Akyem mine in April 2025, Ahafo North becomes the company’s second operational site in the country. Located approximately 50 km from Ahafo South, the new mine benefits from operational synergies with Newmont’s existing infrastructure and expands its regional footprint with four open-pit mines and a standalone mill.

During construction, the project generated about 4,500 contracted jobs and now maintains 560 permanent positions and 1,000 contracted roles for ongoing operations. The workforce initiatives highlight Newmont’s focus on local employment and skills development.

The Ahafo North operation underscores Newmont’s long-term commitment to Ghana and its aim to sustain value creation through responsible mining practices and partnerships with local communities. The project not only strengthens the company’s presence in West Africa but also supports regional economic growth through job creation, infrastructure development, and production of high-quality gold for global markets.

With commercial production now achieved, Newmont is positioned to leverage operational experience and infrastructure synergies to optimize efficiency and maintain safety and environmental standards. The project exemplifies the company’s integrated approach to mining, combining technical expertise, sustainable practices, and community engagement to deliver long-term benefits for all stakeholders.