Ahafo

Ahafo South: Ghana’s Largest Gold Mine

• Over 8 Moz produced to date.
• Development of Ahafo North mine will raise combined production to approximately 850 Koz of gold per year.
• Long-term district strategy to extend mine life beyond 2050.

Ahafo North: Best Unmined Deposit in West Africa

• Ahafo North is the best unmined gold deposit in West Africa, with approximately 3.8 million ounces of Reserves and 1.4 million ounces of Measured, Indicated and Inferred Resources and significant upside potential to extend beyond Ahafo North’s current 13-year mine life.
• It expands Newmont’s existing footprint in Ghana with four open pit mines and a standalone mill located about 30 km from the Ahafo South operation.
• Ahafo North is expected to add between 275,000 and 325,000 ounces of gold per year, with all-in sustaining costs of $800 to $900 per ounce for the first five full years of production.
• Commercial production for the project is expected in the second half of 2025.
• Total capital costs are estimated to be between $950 million and $1,050 million.