By: Creamer media

The Ghanaian government in April 2025 granted Gold Fields a 12-month extension to its mining lease for the Damang mine in order to ensure a smooth transfer of ownership.

Gold Fields says it has worked closely with the government and the Government Transition Team over the past year to prepare the mine for the transfer of ownership. The focus has been on ensuring Damang is well positioned for continued sustainable operations, supporting ongoing employment, host community development and broader economic contributions in Ghana.

Gold Fields points out that it has continued to invest in the mine, including by completing and providing to the Ghanaian government a detailed feasibility study in December 2025, setting Damang up for an extended life-of-mine.

“Gold Fields has had the privilege of operating in Ghana for more than 30 years and we are proud of the partnerships that we have built with the government of Ghana and our host communities over that time. We remain committed to contributing to Ghana’s mining sector and to maintaining solid relationships with our stakeholders.

"We reiterate the importance of Ghana to Gold Fields, and look forward to continuing our long-standing presence and impact in the country for many years to come,” says Gold Fields CEO Mike Fraser.

The gold miner is the operator and majority owner of the Tarkwa gold mine in the country.

Gold Fields says it is committed to supporting its employees, contractors and host communities throughout the transition period at Damang.

"The company is focused on ensuring continuity and responsible management of the operations during this process," it states.