By: Ecofin agency

Ghana’s Ahafo gold mine produced 402,000 ounces in the first half of 2025, making it Africa’s largest gold mine. The American company Newmont, which operates the mine, reported this figure on 24 July. This output marks a 7% increase from the 374,000 ounces produced in the first half of 2024.

Specifically, the mine delivered 205,000 ounces in the first quarter and 197,000 ounces in the second quarter of 2025. These numbers surpass the respective 190,000 and 184,000 ounces produced in the same quarters last year. Newmont stated that this performance aligns with its plan to keep production "broadly constant" during the period, especially after a 37% rise in total output in 2024.

However, Newmont expects Ahafo’s annual production to decline. The company forecasts a drop to 670,000 ounces in 2025, compared to 798,000 ounces in 2024. This decline reflects reduced volumes in the second half of the year.

On a positive note, Newmont announced that Ahafo North, the mine’s northern section, will begin production in the second half of 2025. This project should contribute roughly 50,000 ounces this year. Beginning in 2026, Ahafo North is projected to produce at least 275,000 ounces annually. It will lift the total volume from the Ahafo complex to approximately 850,000 ounces.

Newmont owns 90% of the Ahafo mine, while the Ghanaian government holds a 10% stake. The government does not control production decisions but receives dividends as a shareholder.