Gold Fields has announced that the transition of its Damang mine to the Government of Ghana is progressing toward a final transfer of ownership scheduled for April 18, 2026. According to a release by the gold producer, this handover marks the conclusion of a structured 12-month transition period initiated in April 2025 to ensure the mine remains a viable, productive asset for the state.
To support this “safe and orderly transition,” Gold Fields restarted mining activities in May 2025 and provided the government with a detailed feasibility study in December 2025.
This study was designed to set the mine up for an extended operational life under state control. Throughout the past year, the company has worked alongside the Government Transition Team to ensure that Damang is well-positioned to continue supporting employment and economic contributions in Ghana.
While Gold Fields is facilitating this final step in line with national mining laws, the company clarified that “decisions regarding the future ownership of the mine rest solely with the Government of Ghana.”
The company’s broader commitment to the region remains firm, as it continues to view Ghana as a “cornerstone jurisdiction” in its global portfolio. Since 2000, Gold Fields has invested approximately US$5.0 billion in its Damang and Tarkwa operations, contributing US$2.9 billion to the Ghanaian fiscus through taxes, royalties, and dividends. The company also maintains a workforce of over 7,000 people, with 99% of those roles held by Ghanaian nationals.
Mike Fraser, CEO of Gold Fields, emphasized the importance of this three-decade partnership.
”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. We remain committed to contributing to Ghana’s mining sector and to maintaining solid relationships with our stakeholders. 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 release read.
As the transition nears completion, Gold Fields stated it remains focused on the responsible management of operations and the welfare of its employees, contractors, and host communities. This includes the continued delivery of benefits from over US$100 million in community investments dedicated to health, education, and infrastructure projects.
