Gold production to increase in 2017- Minerals Commission

Dr. Toni Aubynn, CEO of Minerals Commission has expressed hope that gold production for the year 2017 will be one of the best the industry will witness in recent times

According to the commissioner, mining companies in the country have lined up a series of activities aimed at ramping up operations this year, hence will invest more funds into the industry.

He was, hopeful that this will help create thousands of jobs for Ghanaians as well.

Dr. Aubynn continued that, the companies have developed modalities  to help them “withstand the cost and price dynamics much better than before”

He pointed out that the development has led to companies making huge investment ahead of the 2017 production year, which is good for Ghana’s economy.

“We expect 2017 to be a positive year. We expect that production will go up. I will not be able to tell you exactly how much but we expect production to go up slightly above 2016 figures,” he said.

Sounding more hopeful, Dr. Aubynn stated that companies such as Asanko Gold Mines, Goldfields and Gold Star Resources have all shown signs of increasing production through injection of new investment.

“…You would have Asanko Gold now ramping up, fortunately Goldfields after its [preliminary] agreement with government has now secured 1.4 billion [dollars] resources to invest in the Damang project. If they are able to go into actual production within the year then it means that production is likely to go up,” he said.