Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Gold Fields Ghana is projecting a significant ramp-up in its gold production for 2025, with a target of approximately 660,000 ounces.
This marks a notable rebound from the 331,200 ounces produced in 2024—a year that saw an 11% decline in output compared to the 371,800 ounces recorded in 2023, largely due to lower ore grades mined from both underground and surface sources.
Speaking exclusively to NorvanReports on the sidelines of the 2025 West African Mining and Power Expo (WAMPEX) in Accra, themed “The Mining and Power Hub: Driving Sustainable Investment Opportunities in West Africa,” Elliot Twum, Senior Vice President and Managing Director of Gold Fields Ghana, noted that the planned increase in gold production for the year is expected to boost the company’s revenue given the ongoing rally in gold prices.
Source: newsthemegh.com