Gold Fields has reaffirmed its long-term commitment to Ghana while announcing steady progress toward the planned transition of the Damang mine to the Government of Ghana.

According to the company, preparations for the handover are advancing smoothly, in line with an agreement first announced on April 22, 2025.

The deal included a 12-month extension of Gold Fields’ mining lease to ensure a safe and structured transition.

The official transfer of ownership is scheduled for April 18, 2026.

To maintain operations during the transition period, mining activities at Damang resumed in May 2025.

Gold Fields also completed a comprehensive feasibility study in December 2025, which it submitted to the government to support plans for extending the mine’s lifespan.

Over the past year, the company has collaborated closely with the Government of Ghana and its Transition Team to prepare the mine for takeover.

Both parties have emphasized the importance of ensuring continued sustainable operations, protecting jobs, supporting host communities, and maintaining the mine’s contribution to the national economy.

Gold Fields noted that decisions regarding the mine’s future ownership structure will rest solely with the Government of Ghana, in accordance with the country’s mining laws and the terms of the agreement.

The company highlighted its longstanding presence in Ghana, where it has operated for more than 30 years.

Since 2000, Gold Fields has invested approximately $5 billion in its Damang and Tarkwa mines and contributed about $2.9 billion to the state through taxes, royalties, and dividends.

Currently, Gold Fields employs over 7,000 people in Ghana, with 99% of its workforce being Ghanaian nationals.

The company has also invested more than $100 million in community development projects, including health, education, and infrastructure initiatives.

Chief Executive Officer Mike Fraser described Ghana as a cornerstone of the company’s global portfolio, praising the strong partnerships built over decades.

“Gold Fields has had the privilege of operating in Ghana for more than 30 years, and we are proud of the partnerships we have built with the Government and host communities,” he said.

“We remain committed to contributing to Ghana’s mining sector and maintaining solid relationships with our stakeholders.”