Newmont Corporation (“Newmont”) is pleased to announce that the first gold pour at its Ahafo North Project in Ghana took place on September 19, 2025, marking a critical milestone toward commercial production in the fourth quarter of 2025.
Newmont Achieves First Gold Pour at Ahafo North Project in Ghana. Image Credit: Newmont Mining Corporation
This achievement 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 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,” said Tom Palmer, Newmont’s Chief Executive Officer. “As we progress toward commercial production, we remain focused on generating enduring value for our shareholders, workforce, host communities, and the government of Ghana.”
Ahafo North is expected to deliver between 275,000 and 325,000 ounces of gold annually over a 13-year mine life. 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.
Located at Afrisipakrom, about 30 kilometers from the Company’s Ahafo South operations, Ahafo North is part of the broader Ahafo lease acquired from Normandy Mining in 2002. Considered the best unmined gold deposit in West Africa, Ahafo North represents Newmont’s third mining investment in Ghana and, following the divestment of the Akyem mine in April 2025, will become the Company’s second operational site in the country.
The successful pour affirms both the project’s sound technical design and Newmont’s disciplined project execution approach, positioning Ahafo North as a key asset in the company’s long-term growth strategy.