Newmont Achieves First Gold Pour at Ahafo North Project

Newmont Corporation has successfully completed its first gold pour at the Ahafo North project in Ghana on September 19, 2025. This achievement marks a crucial step toward commencing commercial production, which is anticipated in the fourth quarter of 2025. The milestone is the result of extensive development efforts, including the stockpiling of ore that began in late 2024, along with the commissioning of essential infrastructure such as processing circuits, mining support facilities, and a tailings storage facility.

The Ahafo North project is currently progressing toward full operational readiness. In a statement, Tom Palmer, CEO of Newmont, emphasized the significance of this achievement, stating, “The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering, and construction.” Palmer further noted that this development builds on Newmont’s “world-class portfolio” and reflects the company’s commitment to generating lasting value for shareholders, the workforce, local communities, and the government of Ghana.

Production Expectations and Economic Impact

Newmont projects that the Ahafo North site will yield between 275,000 and 325,000 ounces of gold annually across a mine life of 13 years. To date, the project has created approximately 4,500 contracted jobs, with operations expected to support around 560 permanent positions and an additional 1,000 contracted roles. Beyond job creation, the project is set to contribute to Ghana’s economy through royalties, taxes, fees, and local development initiatives.

Located at Afrisipakrom, approximately 30 kilometers from Newmont’s existing Ahafo South operations, Ahafo North is situated within the Ahafo lease, which Newmont acquired from Normandy Mining in 2002. Recognized as one of West Africa’s most promising undeveloped gold deposits, Ahafo North stands as Newmont’s third investment in Ghana. Following the divestment of the Akyem project in April 2025, it will also serve as the company’s second operational site in the country.

The successful first gold pour at Ahafo North confirms both the technical design of the project and Newmont’s dedicated execution strategy. As the company continues to advance its growth plans, Ahafo North is positioned as a strategic asset within Newmont’s long-term vision.

For further information, visit www.Newmont.com.