Newmont Completes Initial Gold Pour at Ahafo North Project in Ghana
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 22 2025
0mins
Should l Buy NEM?
Source: Newsfilter
Milestone Achievement: Newmont Corporation announced the first gold pour at its Ahafo North Project in Ghana on September 19, 2025, marking a significant step towards commercial production expected in Q4 2025.
Economic Impact: The Ahafo North Project is projected to produce 275,000 to 325,000 ounces of gold annually over 13 years, creating approximately 4,500 contracted jobs and contributing to Ghana's economy through various financial channels.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 118.520
Low
89.00
Averages
110.85
High
125.00
Current: 118.520
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Changing Market Expectations: Although war typically drives inflation and benefits precious metals, the market's expectation of the Fed potentially holding interest rates steady may suppress inflation in the long term, impacting the price trends of these metals.
See More
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- Rising Bond Yields: The 10-year German bund yield climbed to a 2.5-week high of 2.814%, reflecting market worries about future inflation, which may prompt investors to shift towards bonds for safety.
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