Ahafo North gold project, Ghana
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
Newmont Corporation.
Project Description
The Ahafo North 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 will create about 1 800 jobs at the peak of construction, with more than 550 permanent roles once the mine is operational.
Newmont will work to create lasting value for host communities through local sourcing and hiring.
A key aspect of the Ahafo North project’s workforce planning will be to achieve gender parity in the workforce when operations begin.
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
Construction is expected to be completed in the second half of 2023.
Latest Developments
Financing for the project was approved in July 2021.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Newmont Corporation media contact Courtney Boone, tel +1303837 5159 or emailcourtney.boone@newmont.com.
Newmont Corporation investor contact Eric Colby, tel +1303837 5724 or email eric.colby@newmont.com.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
