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OPERATIONS Ghana

Ghana

Two operations, including Africa’s largest open pit gold mine

We operate two gold mines, Tarkwa and Damang, in Ghana’s Ashanti Gold Belt. Tarkwa mine is among the largest in Africa, contributing significantly to the local economy and supporting communities. Our Damang mine is treating stockpiles as we consider its options for future growth or closure.

Mines

The Government of Ghana owns a 10% free-carry shareholding in our mines:

  • Tarkwa: Open-pit
    Life-of-mine (LOM): 13 years

    In 2023, we entered into an agreement with AngloGold Ashanti (AGA) to form a JV comprising the adjacent Tarkwa and Iduapriem mines, with Gold Fields having a majority share. The merger is awaiting the go-ahead from the Ghana government. Negotiations are ongoing
  • Damang: Open-pit
    LOM: 1 year

Rehabilitation

Committed environmental protection through rehabilitation of mine-impacted land and robust water management practices. Damang’s closed tailings dam has been converted to agricultural land for the benefit of host communities

Community impact

Strong partnerships with local communities, with a focus on host community procurement and employment, and investment in education, health and infrastructure. Gold Fields’ two largest infrastructure projects are located in Ghana: The tarred Tarkwa-Damang road and the refurbished TnA football stadium

Key stakeholder numbers

  • Employees & contractors: 5,781 (823 Gold Fields employees)
  • Host community suppliers: 78
  • Workforce from host communities: 69% of employees
  • Total payments to Government: US$222m (including dividends)
  • Community investments: US$100m Gold Fields Ghana Foundation spend since 2003
Based on 2023 data

Salient points

ATTRIBUTABLE MINERAL RESERVES

4.5Moz gold

Proved and probable

ATTRIBUTABLE MINERAL RESOURCES (EMR)

4.5Moz gold

Measured and indicated

0.7Moz gold

Inferred

Based on 2023 data
Mineral Resources and Reserves supplement 2023 PDF – 9MB Mineral Resources and Reserves supplement 2023 PDF – 9MB
Report to Stakeholders 2023 PDF – 3MB
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