• Ahafo mine produced 145,000 ounces of gold in Q3 2025, down 31% year-on-year.

• Newmont forecasts full-year output at 670,000 ounces, below 2024’s 798,000 ounces.

• Ahafo North, a $950 million expansion project launched in September, is expected to lift medium-term output to 850,000 ounces annually.

Newmont Corp reported that its Ahafo gold mine in Ghana produced 145,000 ounces of gold in the third quarter of 2025, marking a 31% decline from the 213,000 ounces produced in the same period last year.

The U.S.-based miner said the decrease aligns with its initial forecast, which projected lower output in the second half of the year following a 7% production increase in the first half of 2025.

Cumulative gold production at Ahafo since January has now reached 547,000 ounces, according to the company’s operational report released on October 23.

Newmont expects a continued decline in annual production, forecasting 670,000 ounces for the full year 2025, down from 798,000 ounces in 2024. Last year’s strong output secured Ahafo’s position as Africa’s largest gold mine.

While the company has not yet disclosed detailed projections for the fourth quarter, it expects initial contributions from the new Ahafo North deposit to begin during the period.

Newmont anticipates a medium-term rebound in production as Ahafo North ramps up operations. The $950 million satellite project, which began production at the end of September, is designed to operate jointly with Ahafo and form a gold complex capable of producing 850,000 ounces annually.

The Ghanaian state holds a 10% stake in the Ahafo project, while Newmont controls the remaining 90%.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange Jason Quenum