The Newmont Ahafo South Mine is projected to produce a little over 600,000 ounces of gold in 2025.
The mining company in the previous year produced in excess of 800,000 ounces of gold.
Mr Alex Kofi Annin, General Manager, Newmont Ahafo South Mine, who announced this, said the Mine had since 2006 produced 9.6 million ounces as at end of last year, adding that, with these productions, the government and communities continued to have their fair share.
Addressing the Parliamentary Select Committee on Lands and Natural Resources during a two-day working visit to the mine site at Kenyasi, he indicated that in 2024, the company, which is currently the largest gold producer in Ghana, paid GH₵7.5 billion as taxes to the government.
In total, Newmont’s operational areas in Ghana committed GH₵9.7 billion to taxes in 2024.
Mr Annin reiterated that Newmont would continue to remain responsible and committed to obeying all the regulations that operated within safer environments.
He said Newmont in the quest to ensure responsible resource development, adhered to the highest standards of national and internationally acceptable environmental practices.
With these commitments, the Ahafo Mine was recognized for its performance in decarbonization efforts and mine innovation by the Ghana Chamber of Mines.
The visit of the Parliamentary Select Committee on Lands Natural Resources provided members with first-hand knowledge of the working conditions of the Newmont Ahafo South Mine and the Ahafo North Project.
The visit was facilitated by the Ghana Chamber of Mines.
At Ahafo North, Mr Charles Bissue, General Manager, took the Committee members to inspect the ongoing projects.
The Ahafo North is expecting commercial production in the third quarter of 2025.
It is a greenfield project comprising seven mineralized areas with 15 potential deposits.
Alhaji Collins Dauda, Chairman of the Select Committee on Lands and Natural Resources, advised management to prioritize the development of the Ahafo North project.