GNPC-owned Prestea Sankofa Gold to scale up production in 2026

In line with government’s efforts to indigenize the mining sector, Prestea Sankofa Gold Limited has announced plans to significantly increase its gold recovery output.

The state-owned tailings processing company aims to scale up from its current rate of 50,000 kg, with the enhanced production scheduled to begin in 2026.

This was announced by the Managing Director, Alhaji Ishaq Dauda, during a media tour.

Prestea Sankofa Gold Limited, owned by GNPC, is a mining company that extracts gold from historic tailings and waste ore in the Prestea Gold Belt.

The company has positioned itself to support President Mahama’s goal of increasing indigenous Ghanaian participation in mining operations, thereby boosting resources for national prosperity.

During a media visit, the Managing Director Alhaji Ishaq Dauda announced that a new, improved tailings dam is scheduled to be operational by the end of December to increase profitability. This new facility will augment the existing one, which has reached its full holding capacity.

“The new dam differs significantly from conventional designs through the incorporation of a geotextile liner. This engineered containment system is designed to prevent soil contamination by ensuring that any process leakages are captured and do not migrate into the environment.

This addresses a well-documented concern in mining regions, where environmental contamination can render local produce unsafe for consumption. Our objective is to implement rigorous controls over chemical management to safeguard the ecosystem.” Alhaji Ishaq Dauda stated.

He also disclosed that they are currently refurbishing all their processing plants to significantly boost output, adding that as
part of their long-term sustainability strategy, they have procured their own mining concession to scale up operations.

“The tailings we are currently purchasing are not a sustainable long-term solution. To ensure the continuity of our operations, we must secure our own concession for hard rock mining.

Without this, we face a complete operational shutdown once the current tailings supply is exhausted. Consequently, we are actively negotiating with other stakeholders to obtain a multi-site concession that will enable us to mine the rock directly.” Alhaji Ishaq Dauda added.

With these strategic initiatives, Prestea Sankofa Gold Limited is poised to improve operational efficiency, and contribute significantly to Ghana’s mining sector.