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Ghana Mulls Ending Gold Fields' Tarkwa Licence, Raises Royalties

6/20/2026

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Summary

Story summary

Ghana is weighing revoking or not renewing Gold Fields' licence at the Tarkwa mine when its lease ends in April 2027.
Authorities may extend the lease, but Ghana raised gold-bullion royalties to 12% from 5% and will invite Ghanaian firms to bid if the licence is not renewed.
Tarkwa produced about 475,000 ounces of gold last year—one-fifth of Gold Fields' output—while the company previously handed its Damang mine to the state.

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Story summary

Ghana is weighing revoking or not renewing Gold Fields' licence at the Tarkwa mine when its lease ends in April 2027.
Authorities may extend the lease, but Ghana raised gold-bullion royalties to 12% from 5% and will invite Ghanaian firms to bid if the licence is not renewed.
Tarkwa produced about 475,000 ounces of gold last year—one-fifth of Gold Fields' output—while the company previously handed its Damang mine to the state.