https://www.miningweekly.com

Newmont Ghana announces commercial production at Akyem

6th November 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Denver, Colorado-based Newmont last week declared commercial production at its Ghana subsidiary’s Akyem gold mine, in the Birim North district, in the east of the country.

The NYSE-listed company also poured the project’s first gold bar early last month.

Newmont said the $1-billion project reached commercial production on Friday, within budget and on schedule.

The project was expected to produce between 350 000 oz/y and 450 000 oz/y during the first five years of operations, at all-in sustaining costs of between $750/oz and $850/oz.

During 2013, the attributable gold output was expected to total between 50 000 oz and 100 000 oz.

Newmont said Akyem would employ about 1 300 employees and contractors, many of which would be sourced from the mine-area communities.

Edited by Creamer Media Reporter

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.098 0.132s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: