AngloGold Ashanti, Gold Fields halt Ghana JV discussions

AngloGold Ashanti and Gold Fields have agreed to halt discussions regarding a proposed joint venture to merge their Iduapriem and Tarkwa gold mines in Ghana. The companies initially proposed the combination in March 2023 and have been in discussions with the Government of Ghana to obtain the necessary approvals. AngloGold Ashanti has since identified changes in its standalone mine plan for Iduapriem with the potential to unlock significant additional value. Both companies will now focus on improving the standalone performance of their respective sites. Iduapriem produced 237,000 ounces of gold in 2024 at a total cash cost of USD 1,118 per ounce.