Gold Fields Limited has reaffirmed its commitment to Ghana while announcing steady progress in the transition of the Damang mine to government ownership.
In a statement issued on March 25, the company said preparations for the handover are on track, with the transfer scheduled for April 18, 2026, in line with an agreement reached with the government.
Gold Fields noted that it was granted a 12-month lease extension to ensure a safe and orderly transition, adding that mining operations at Damang resumed in May 2025 to sustain activity during the process.
The company also disclosed that it submitted a detailed feasibility study in December 2025 aimed at extending the life of the mine and supporting its future operations.
According to Gold Fields, it has worked closely with the Government of Ghana and a transition team over the past year to ensure the mine remains viable while safeguarding jobs, supporting community development, and maintaining economic contributions.
The firm emphasised that decisions regarding the future ownership of the mine rest solely with the government.
Chief Executive Officer Mike Fraser said the company remains committed to maintaining strong partnerships in Ghana, where it has operated for more than three decades.
Gold Fields highlighted its contribution to the country’s economy, including billions of dollars in investment, taxes, and royalties, as well as employment for over 7,000 people, the majority of whom are Ghanaians.
The company added that it will continue to support workers, contractors, and host communities to ensure a smooth and responsible transition.
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