Newmont Company (NYSE: NEM, ASX: NEM, PNGX: NEM) (“Newmont” or “the Firm”) at the moment introduced that its Ahafo North undertaking in Afrisipakrom, Ghana has achieved industrial manufacturing, marking the profitable completion of one among West Africa’s most important latest mining developments.
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First gold pour at Ahafo North in Ghana – September 19, 2025
The announcement follows the profitable first gold pour achieved on September 19, 2025, and represents the fruits of a complete growth program that included in depth infrastructure building, processing facility commissioning, and workforce growth initiatives.
“Attaining industrial manufacturing at Ahafo North represents a major milestone for Newmont and our companions in Ghana,” stated Tom Palmer, Newmont’s Chief Government Officer. “This new world-class operation demonstrates our dedication to operational excellence whereas creating enduring worth for our traders, communities, host governments and all our stakeholders on this premier mining jurisdiction. It is uncommon in our business to see a brand new mine come to life inside a single profession. I am extremely happy with what our groups have achieved and honored to have been a part of this undertaking from the very starting.”
Ahafo North is anticipated to supply roughly 50,000 ounces of gold in 2025, with manufacturing ramping up via 2026 to realize full operational capability. Over the subsequent 5 years, the operation is positioned to ship between 275,000 and 325,000 ounces of gold yearly over a 13-year mine life, making it a cornerstone asset in Newmont’s world portfolio.
Ahafo North represents Newmont’s third mining funding in Ghana and, following the divestment of the Akyem mine in April 2025, establishes the corporate’s second operational web site within the nation, increasing Newmont’s present footprint with 4 open pit mines and a stand-alone mill. Situated roughly 50 kilometers from Newmont’s present Ahafo South operation, Ahafo North leverages operational synergies and has created substantial financial alternatives, producing roughly 4,500 contracted jobs throughout building and establishing roughly 560 everlasting and 1,000 contracted positions for ongoing operations.
About Newmont
Newmont is the world’s main gold firm and a producer of copper, zinc, lead, and silver. The Firm’s world-class portfolio of belongings, prospects and expertise is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the one gold producer listed within the S&P 500 Index and is widely known for its principled environmental, social, and governance practices. Newmont is an business chief in worth creation, supported by sturdy security requirements, superior execution, and technical experience. Based in 1921, the Firm has been publicly traded since 1925. At Newmont, our function is to create worth and enhance lives via sustainable and accountable mining. To study extra about Newmont’s sustainability technique and initiatives, go to www.newmont.com .
Cautionary Assertion Relating to Ahead-Trying Statements
This information launch might include “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, that are supposed to be coated by the protected harbor created by such sections and different relevant legal guidelines. Ahead-looking assertion on this launch might embody expectations associated to future monetary efficiency and worth creation, gold manufacturing, timeline, operational capability, mine life, financial return, on-going job creations and different statements which aren’t historic information. The place a forward-looking assertion expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception is expressed in good religion and believed to have an inexpensive foundation. Nevertheless, such statements are topic to dangers, uncertainties and different components, which might trigger precise outcomes to vary materially from future outcomes expressed, projected or implied by the forward-looking statements.. For a dialogue of dangers and different components which may impression future trying statements, see the Firm’s Annual Report on Type 10-Ok for the yr ended December 31, 2024 filed with the U.S. Securities and Alternate Fee on February 21, 2025, beneath the heading Danger Elements.
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Media Contact – International
Shannon Brushe
globalcommunications@newmont.com
Investor Contact – International
Neil Backhouse
investor.relations@newmont.com
Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
