Gold major Newmont has achieved first gold at its Ahafo North project, in Ghana. The milestone, which was reached on September 19, marks a key step toward commercial production, which is targeted for the fourth quarter of this year.
“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 Newmont CEO Tom Palmer. “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 forecast to produce between 275 000 oz/y and 325 000 oz/y of gold over a 13-year mine life. The project has already created about 4 500 contracted jobs and, once in steady operation, will support about 560 permanent and 1 000 contracted roles. It will also contribute royalties, taxes, fees and local development programmes to Ghana’s economy.
Located at Afrisipakrom, about 30 km from Newmont’s existing Ahafo South operations, the new mine forms part of the broader Ahafo lease acquired from Normandy Mining in 2002.
The project represents Newmont’s third mining investment in Ghana. Following the company’s divestment of the Akyem mine earlier this year, Ahafo North will become its second operating asset in the country.
Source : miningweekly.com
