Newmont Ghana Is Now Newmont Goldcorp Ghana
Ghana’s leading gold producer, Newmont Ghana, welcomed the successful completion of the transaction creating the world’s leading gold company, Newmont Goldcorp, and looked forward to a safe and orderly integration.
The transaction closed on 18 April and the Company’s business in Ghana is now called Newmont Goldcorp Ghana.
“Newmont Goldcorp features an unmatched portfolio of world-class assets, prospects and talent. This includes long-life operations and profitable expansions and exploration opportunities in some of the world’s most favorable mining jurisdictions including Ghana, the Americas and Australia,” said Alwyn Pretorius, Regional Senior Vice President, Africa Operations. “The depth, quality and scale of our global business will allow us to generate sustainable, long-term value for all of our stakeholders for decades to come.”
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“We’ve met our goal to become the world’s leading gold business, and we’ll maintain that position by executing our winning strategy,” said Gary J. Goldberg, Chief Executive Officer. “That strategy focuses on constantly improving safety and efficiency at our current operations while we continue to invest in expansions and exploration to fuel next generation production. An equally important part of that strategy is to meet stakeholders’ expectations by continuing to lead the sector in value creation and sustainability performance.”
Tom Palmer, President and Chief Operating Officer, added, “Our proven operating model and shared values set the stage for a successful integration process. Getting this process right is fundamental to realizing the full potential of the Newmont Goldcorp combination. Ultimately, our goal is to leverage a more prolific portfolio and an even richer talent pool to generate superior value over the course of decades.”
Newmont Goldcorp Ghana says it will continue to advance its purpose to create value and improve the lives of its host communities and the broader Ghanaian economy through sustainable and responsible mining.
“Our values of Safety, Integrity, Sustainability, Inclusion and Responsibility will continue to guide how we deliver superior operational execution, consistent project delivery, and leadership in safety and sustainability,” Mr Pretorius added.
Newmont Goldcorp Ghana is the country’s leading gold producer and operates two gold mines, including the Ahafo Mine in the Ahafo region and the Akyem Mine in the Eastern region. Commercial production at Ahafo began in 2006 and at Akyem in 2013. The Company currently employs over 5,500 employees and contractors. Its Ahafo mine was named Mining Company of the Year in 2016 while the Akyem mine was adjudged the Best Company in Ghana for 2015 and 2016.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
