Gold Fields Ghana will hand over the Damang mine to the government after the one-year lease extension expires.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Gold Fields Ghana will hand over the Damang mine to the government in April 2026, following the expiration of the one-year lease extension.

The Group Chief Executive, Mike Fraser, disclosed this today, August 22, 2025, on a conference call with investors and Journalists on their half-year financial performance.

Mr. Fraser said that “This is part of an agreement that we’ve reached with the Government of Ghana after a deal was reached to extend the lease by 12 months and smooth the transition to Ghanaian ownership.”

Source: newsthemegh.com