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Gold Fields plans $1.4bn investment to extend Damang’s life-of-mine

New Lease of Life

By:  
Creamer Media Staff Writer
 
GOLD – 3
Gold Fields will invest $1.4-billion to extend the life of its Damang mine, in Ghana, from 2017 to 2024, the company announced last month at its third quarter operating update in Johannesburg. Over the life of the mine, 165-million tons will be mined, with 32-million tons processed at a grade of 1.65 g/t, resulting in total gold production of 1.56-million ounces.
 
 
 
 
 

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