{"id":21991,"date":"2025-10-28T18:59:53","date_gmt":"2025-10-28T18:59:53","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/28\/newmont-declares-commercial-production-at-ahafo-north-gold-mine\/"},"modified":"2025-10-28T18:59:53","modified_gmt":"2025-10-28T18:59:53","slug":"newmont-declares-commercial-production-at-ahafo-north-gold-mine","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/28\/newmont-declares-commercial-production-at-ahafo-north-gold-mine\/","title":{"rendered":"Newmont Declares Commercial Production at Ahafo North Gold Mine"},"content":{"rendered":"<\/p>\n<p><strong>Newmont (NYSE:NEM,ASX:NEM) announced that its Ahafo North project in Afrisipakrom, Ghana, has officially entered commercial production, following the site\u2019s first gold pour last month. <\/strong><\/p>\n<p>Located about 50 kilometers from Newmont\u2019s existing Ahafo South operation, the Ahafo North mine is expected to produce approximately 50,000 ounces of gold by the end of 2025 before ramping up through 2026 to reach full operational capacity.<\/p>\n<p>Over the next five years, the mine is forecast to deliver between 275,000 and 325,000 ounces of gold annually over a projected 13-year mine life. Newmont also added that once integrated with Ahafo South, the Ghana operation is projected to yield around 750,000 ounces of gold per year.<\/p>\n<p>\u201cAchieving commercial production at Ahafo North represents a significant milestone for Newmont and our partners in Ghana,\u201d said Tom Palmer, Newmont\u2019s president and chief executive officer.<\/p>\n<p>Ore stockpiling began in late 2024, with critical facilities\u2014including processing circuits, mining support infrastructure, and a tailings storage system\u2014completed ahead of schedule.<\/p>\n<p>\u201cIt\u2019s rare in our industry to see a new mine come to life within a single career,\u201d Palmer added. \u201cI\u2019m incredibly proud of what our teams have achieved and honored to have been part of this project from the very beginning.\u201d<\/p>\n<p>Ahafo North becomes Newmont\u2019s second operating site in Ghana, following the company\u2019s divestment of the Akyem mine in April this year. <\/p>\n<p>Overall, the mine represents the company\u2019s third major investment in the country and is designed to leverage operational synergies with Ahafo South.<\/p>\n<p>The project has also had a substantial economic impact in Ghana. Construction activities generated roughly 4,500 contracted jobs, and the transition to operations has created about 560 permanent and 1,000 contracted positions. <\/p>\n<p>With commercial operations now underway, Ahafo North stands as a cornerstone asset in Newmont\u2019s global portfolio.<\/p>\n<p>\u201cAs we progress with full-scale operations, our focus remains on generating enduring value for our shareholders, workforce, host communities, and the government of Ghana,\u201d Palmer said.<\/p>\n<p><strong>Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Newmont (NYSE:NEM,ASX:NEM) announced that its Ahafo North project in Afrisipakrom, Ghana, has officially entered commercial production, following the site\u2019s first gold pour last month. Located about 50 kilometers from Newmont\u2019s existing Ahafo South operation, the Ahafo North mine is expected to produce approximately 50,000 ounces of gold by the end of 2025 before ramping up [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":21992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=21991"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/21992"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=21991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=21991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=21991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}