Gold Fields Limited has confirmed that preparations for the transfer of its Damang gold mine to the Government of Ghana are progressing smoothly, with the handover scheduled for 18 April 2026.
The move marks the culmination of more than three decades of operations and investment by the global gold producer in Ghana, where it has built a long-standing presence in the mining sector.
The transition comes under an agreement publicly announced on 22 April 2025, which included a 12-month lease extension to allow Gold Fields to manage the safe and orderly handover of the mine. Mining activities at Damang were successfully restarted in May 2025, ensuring continuity of production and preparing the operation for its next phase under government ownership.
Gold Fields has also provided the Government of Ghana with a detailed feasibility study in December 2025, outlining plans that would extend the life of the Damang mine and support sustainable operations. The company emphasized that the shared focus between Gold Fields and the government’s Transition Team has been on securing employment, supporting host communities, and maintaining economic contributions throughout the process.
In a statement, Gold Fields Limited CEO Mike Fraser said: “Gold Fields has had the privilege of operating in Ghana for more than 30 years and we are proud of the partnerships that we have built with the Government of Ghana and our host communities over that time.”
Over the past three decades, Gold Fields has invested approximately US$5 billion in its Ghanaian operations, including the Damang and Tarkwa mines, and contributed around US$2.9 billion to the Ghanaian fiscus in taxes, royalties, and dividends. The company currently employs over 7,000 people, 99% of whom are Ghanaian, and has invested more than US$100 million in health, education, infrastructure, and community projects.
Fraser added: “We reiterate the importance of Ghana to Gold Fields, and look forward to continuing our long-standing presence and impact in the country for many years to come.”
The handover of Damang represents a major milestone in Ghana’s mining sector, reflecting both the government’s role in managing national resources and the contribution of private operators in building sustainable operations. Gold Fields has reaffirmed its commitment to support employees, contractors, and host communities through the transition period, ensuring continuity and responsible management during this pivotal moment.
Gold Fields is a globally diversified gold producer with operations in Australia, South Africa, Ghana, Chile, and Peru, and a project in Canada. The company reports an annual gold-equivalent production of 2.3 million ounces, with extensive reserves and resources across its portfolio.
