Name of the Project
Ahafo North gold project.

Location
About 30 km north of Newmont’s existing Ahafo South operations, in Ghana.

Project Owner/s
Gold major Newmont Corporation.

Project Description
Ahafo North is the best unmined gold deposit in West Africa, with about 3.5-million ounces of reserves and more than one-million ounces of measured, indicated and inferred resources and significant upside potential to extend beyond Ahafo North’s current 13-year mine life.

The project will include four openpit mines and the construction of a standalone mill. 

Production from the mine will average about 275 000 oz/y to 325 000 oz/y of gold for more than three-million ounces of gold production over a 13-year mine life.

Potential Job Creation
The project has created 560 permanent and 1 000 contracted roles for ongoing operations.

Net Present Value/Internal Rate of Return
At current gold prices, the project is expected to deliver more than a 30% internal rate of return.

Capital Expenditure 
Projected capital costs are estimated to be between $750- to $850-million.

Planned Start/End Date 
The project achieved commercial operation in October 2025.

Latest Developments
Newmont has achieved commercial production, marking the completion of one of West Africa’s most significant new gold developments.

The milestone follows the project’s first gold pour on September 19, representing the culmination of a multiyear development programme.

The operation marks Newmont’s third major investment in Ghana and, following the divestment of the Akyem mine in April 2025, becomes the company’s second operational site in the country. 

Ahafo North is expected to produce about 50 000 oz of gold in 2025, with output set to ramp up through 2026 to reach full operational capacity. 

Key Contracts, Suppliers and Consultants 
None stated.

Contact Details for Project Information
Newmont Corporation media contact Courtney Boone, tel +1 303 837 5159 or email courtney.boone@newmont.com.
Newmont Corporation investor contact Eric Colby, tel +1 303 837 5724 or email eric.colby@newmont.com.