Newmont purchased both the Ahafo and the Akyem projects as part of the Normandy Mining acquisition in February of 2002.  The exploration success at both of these projects has been exemplary.  Reserves have grown from a combined 3.3 million ounces in 2002 to 20.3 million ounces at year end 2006. 

The Ahafo operation is located in the Brong Ahafo Region of Ghana, approximately 180 miles (290 kilometers) northwest of Accra. The Ahafo project represents Newmont’s first Ghanaian project and when combined with the Akyem project, will form Newmont’s newest core district in Ghana.  The Ahafo mine poured its first gold on July 18, 2006 and commenced commercial production in August 2006. Ahafo sold 202,000 ounces of gold in 2006 and is expected to produce between 410,000 and 450,000 in 2007 as the mine enters its first full year of production.

Newmont currently operates two open pits at Ahafo with total reserves contained in 15 pits. The process plant consists of a conventional mill and carbon-in-leach circuit. Ahafo reserves as of December 31, 2006, were 12.6 million equity ounces.

Above: Ahafo – tenement plan.

For more information, please visit www.NewmontGhana.com.