• Tarkwa gold output drops 5% to 122,900 oz in Q3 2025, Gold Fields reports
• Decline due to lower ore processing volumes from pit and stockpiles
• 2025 output forecast at 488,000 oz, down from 537,000 oz in 2024
  

Tarkwa, one of Ghana’s largest gold mines, produced 122,900 ounces of gold in the third quarter of 2025. The mine’s South African operator, Gold Fields, said in a report released on Nov. 5 that output was down 5% from the 128,900 ounces recorded a year earlier.

Lower Ore Processing Cited for Decline

The weaker result extends a downward trend in production since the start of the year. In the first half of 2025, Tarkwa delivered 232,900 ounces, compared with 247,700 ounces in 2024.

The lower output mainly reflects a year-on-year drop in ore processed. Gold Fields said the mine processed 2.27 million tonnes (Mt) of ore from the open pit at a grade of 1.32 grams per ton (g/t) and 1.55 Mt from stockpiles at 0.79 g/t. In the same quarter of 2024, the figures were 3.01 Mt at 1.23 g/t from the pit and 0.73 Mt at 0.78 g/t from stockpiles.

Lower Guidance for Ghanaian Operations

Gold Fields gave no fourth-quarter forecast but expects annual output of about 488,000 ounces at Tarkwa for 2025, down from 537,000 ounces in 2024.

The company also runs the Damang mine in Ghana, where output is expected to fall as mining winds down this year. Production at Damang is forecast at 85,000 ounces in 2025, compared with 135,000 ounces last year.

Aurel Sèdjro Houenou