GOLD EXPANSION
US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features ore grades of 4.7 g/t. The mill expansion is expected to improve margins and support profitable production at Ahafo through to at least 2029.
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