Africa’s premier gold producer, Ghana, hosts major mining firms such as Perseus Mining and Newmont, the largest gold producers globally. Perseus, managing the Edikan gold mine in Ghana, may soon double its production by acquiring Akyem, one of Newmont's Ghanaian mines.
Newmont Corporation, the world's largest gold producer, is divesting one of its Ghanaian assets, the Akyem mine, alongside other gold operations in Australia, Canada, and the United States. Perseus Mining is contemplating the acquisition of the Ghanaian mine from the U.S.-based company, according to Jeff Quartermaine, CEO of Perseus Mining.
"We will certainly explore the opportunity," Quartermaine remarked during a conference call. As per Mining Weekly, which cited the executive, Perseus Mining possesses significant familiarity with the Akyem project, given its existing ownership of the Edikan mine in Ghana.
Through this deal, Perseus Mining could double its gold output.
According to Newmont’s projections, Akyem is anticipated to yield 170,000 ounces in 2024. In the previous year, the mine produced 295,000 ounces, compared to Edikan's 202,599 ounces.
Newmont's presence in Ghana will continue even if the sale of Akyem materializes. The American firm will retain its Ahafo mine, which yielded 581,000 ounces in 2023.
Meanwhile, Perseus maintains operations in Côte d’Ivoire, where it operates the Yaouré and Sissingué gold mines.
Emiliano Tossou
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
The Democratic Republic of Congo and Angola will hold their third bilateral economic forum from March 31 to April 3 in Kinshasa. The forum will focus...
Burkina Faso ratified a $80.3 million loan from the African Development Bank to modernize transport infrastructure. The project targets road...
EAC sets June 30, 2026 deadline to remove trade barriers Non-tariff barriers still raise costs, delay and limit intra-regional...
By Nanga Koné, Country Director Rainforest Alliance Côte d’Ivoire One fact is hard to ignore : Over time, the widespread and often poorly...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...