Ghana, Africa’s top gold producer, will launch its first major greenfield mine in over a decade this November.
The Cardinal Namdini mine, owned by Cardinal Resources, is set to produce over 350,000 ounces annually.
The Cardinal Namdini mine, part of Shandong Gold, received its operating license in 2020.
This marks Ghana’s return to large-scale gold mining after a decade of declining exploration and project activity.
Ghana has faced reduced gold exploration and output, but Martin Ayisi of the Minerals Commission announced that new projects, including a lithium mine, will revive the industry and aid economic recovery by 2026.
The last major greenfield mine in Ghana was Newmont’s Akyem site in 2013.
Now, with Cardinal Namdini and Newmont’s Ahafo North, Ghana expects an additional 600,000 ounces of gold and hundreds of jobs.
Ghana’s gold production reached 4.03 million ounces in 2023, largely from small-scale miners.
By 2026, Azumah Resources and Atlantic Lithium will also launch new mines, boosting the sector further despite investment challenges.
