Newmont pours first gold at Ahafo North project in Ghana

Core Insights - Newmont announced the first gold pour at its Ahafo North project in Ghana on September 19, marking a significant milestone towards commercial production expected in Q4 2025 [1][5] Project Development - The Ahafo North project has completed key development phases, including ore stockpiling that began in late 2024 and the commissioning of essential infrastructure such as processing circuits and mining support facilities [2] - The project is currently ramping up towards full operational readiness [2] Production Capacity - The Ahafo North project, initiated in 2021, is located 30 kilometers north of the existing Ahafo South operations and is projected to add over three million ounces of gold production over an initial 13-year mine life [3][4] - It is expected to deliver between 275,000 and 325,000 ounces of gold annually during its operational life [6] Economic Impact - The project has created approximately 4,500 contracted jobs and will generate around 560 permanent and 1,000 contracted roles once fully operational [6] - It is anticipated to significantly contribute to Ghana's economy through royalties, taxes, fees, and local development programs [6]