Newmont’s Ahafo North enters commercial production

Core Insights - Newmont's Ahafo North project in Ghana has officially commenced commercial production, marking a significant achievement in West Africa's mining sector [1][2] - The project is expected to add approximately 300,000 ounces to Newmont's annual gold output, with an estimated annual yield of 275,000 to 325,000 ounces over an initial 13-year lifespan [6][7] - Ahafo North is considered a cornerstone asset for Newmont, with reserves of about 4.6 million ounces, and is described as "the best unmined gold deposit in West Africa" [4] Project Development - The Ahafo North project is part of a broader development program that included infrastructure construction, processing facility commissioning, and workforce development [2] - The project consists of four open-pit mines and a standalone mill located 30 km from the existing Ahafo South operations, which have been active since 2006 [4] - The first gold pour was achieved on September 19, 2023, indicating the completion of key developments earlier this year [4] Strategic Importance - The commencement of commercial production at Ahafo North is viewed as a significant milestone for Newmont and its partners in Ghana, reflecting the company's commitment to operational excellence [5] - Following the divestment of the Akyem mine in April 2025, Ahafo North will serve as Newmont's second operational site in Ghana [6] - When combined with Ahafo South, the total expected annual production from the Ghanaian operations is around 750,000 ounces of gold [7]