First pour at Ahafo North

Newmont (ASX: NEM) has achieved first gold pour at its Ahafo North project in Ghana, marking a critical milestone towards commercial production.

The successful pour confirms both the project’s sound technical design and the disciplined project execution method, positioning Ahafo North as a key asset in the company’s long-term growth strategy, according to Newmont.

This achievement follows the completion of key development phases, including ore stockpiling that began in late 2024 and the commissioning of critical infrastructure, such as processing circuits, mining support facilities and a tailings storage facility.

The project is currently ramping up toward full operational readiness.

Newmont chief executive officer Tom Palmer comments on the milestone.

“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,” he said.

“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 reportedly expected to deliver between 275,000 and 325,000ozpa of gold throughout its 13-year mine life.

The project has created about 4500 contracted jobs and once operational, will create about 560 permanent and 1000 contracted roles.

Ahafo North represents Newmont’s third mining investment in Ghana and, following the divestment of the Akyem mine in April 2025, will become the company’s second operational site in the country.