The Ghana Chamber of Mines predicts a moderate increase in gold production by the end of 2025, despite operational challenges and the closure of certain mines. According to its outlook announced on Monday, June 16, production could reach between 4.4 and 5.1 million ounces, supported in particular by the performance of small mining operations which contributed to a 19.3% growth between 2023 and 2024. This momentum led to a historic level of 4.8 million ounces in 2024.
However, this progress is threatened by anticipated declines in production at several major sites such as the Edikan, Damang, Tarkwa, and Akyem mines. The Chamber’s Director of Operations, Ahmed Dasana Nantogmah, was cautious in his projections due to the technical difficulties faced by some member companies, including the closure of the Bogoso mine and processing issues at Bibiani and Adamus.
Despite this uncertain context, there are still positive signs. The potential restart of the Bibiani and Adamus plants, as well as the ramp-up of Shandong’s Namdini mine, could reverse the trend. The acquisition of the Akyem mine by Zijin Golden Resources is also seen as a revitalization factor. According to Mr. Nantogmah, if these favorable conditions materialize, gold production could indeed exceed the projected 5.1 million ounces.
Meanwhile, the Chamber aims to expedite the ratification of the Barari DV lithium agreement, which has been hindered by administrative delays. With lithium prices having drastically dropped since the initial negotiations, the Chamber is advocating for a swift government response to avoid jeopardizing planned investments. The new CEO, Dr. Kenneth Ashigbey, has expressed his commitment to strengthening dialogue with decision-makers to ensure a sustainable future for the national mining sector.
