Newmont pours first gold at Ahafo North project in Ghana

Newmont (NYSE, ASX: NEM, TSX: NGT) announced Monday that the first gold pour at its Ahafo North project in Ghana took place on Sept. 19, marking a critical milestone toward commercial production in the fourth quarter of 2025.

This follows the completion of key development phases, including ore stockpiling that began in late 2024, and the commissioning of critical infrastructure, such as processing circuits, mining support facilities and a tailings storage facility.

The project is currently ramping up toward full operational readiness, the world’s largest gold miner said.

Located 30 km north of Newmont’s existing Ahafo South operations, Ahafo North is part of the broader Ahafo lease acquired from Normandy Mining in 2002. The company began advancing the project in 2021.

Considered the best unmined gold deposit in West Africa, Ahafo North represents the US-based miner’s third mining investment in Ghana and, following the divestment of the Akyem mine in April 2025, will become its second operational site in the country.

“The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering and construction, and builds on the strength of our world-class portfolio,” Newmont CEO Tom Palmer said in a news release.

Over an initial 13-year mine life, Ahafo North is expected to deliver between 275,000 and 325,000 oz. of gold annually.

The project has created approximately 4,500 contracted jobs and, once operational, will create approximately 560 permanent and 1,000 contracted roles – while contributing significantly to Ghana’s economy through royalties, taxes, fees and local development programs, the company said.