{"id":14185,"date":"2025-11-05T17:06:49","date_gmt":"2025-11-05T17:06:49","guid":{"rendered":"https:\/\/www.fishfmonline.com\/?p=14185"},"modified":"2025-11-05T17:06:49","modified_gmt":"2025-11-05T17:06:49","slug":"prestea-sankofa-gold-limited-invests-gh%c2%a28m-in-plant-refurbishment-to-boost-output","status":"publish","type":"post","link":"https:\/\/www.fishfmonline.com\/?p=14185","title":{"rendered":"Prestea Sankofa Gold Limited invests GH\u00a28m in plant refurbishment to boost output"},"content":{"rendered":"

Prestea Sankofa Gold Limited (PSGL) is committing GH\u00a28 million to refurbish its processing plant as part of efforts to enhance gold production and operational efficiency.<\/p>\n

In addition, the company is investing over US$3 million in the construction of a modern tailings dam.<\/p>\n

Managing Director Alhaji Ishaq Dauda stated that the initiative forms part of a broader strategy to strengthen the mine\u2019s production capacity and secure long-term sustainability.<\/p>\n

He indicated that the processing unit and tailings facility represent the heartbeat of PSGL\u2019s operations, warranting priority upgrades without halting production.<\/p>\n

\u201cMost of the tanks are very old, so we decided to refurbish them one after the other instead of shutting down completely,\u201d he explained.<\/p>\n

\u201cWe have eight tanks. We drain one, refurbish it, hand it over, and move to the next. The exercise is expected to be completed by December.\u201d<\/p>\n

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Upon completion, the upgraded plant is expected to increase production capacity by up to 50 per cent, improve gold recovery, and reduce operational losses. The refurbishment also includes installation of a new raw water tank.<\/p>\n

\u201cIf the tanks are not in good condition, recovery becomes very poor and we risk losing gold in the process,\u201d he noted. \u201cWhen everything functions well, we can trap and process more efficiently.\u201d<\/p>\n

Alhaji Dauda disclosed this during a facility tour at Prestea in the Prestea Huni-Valley District of the Western Region.<\/p>\n

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Community engagement and social commitment<\/strong><\/h3>\n

Beyond production upgrades, PSGL continues to invest in host communities. The company recently supported breast cancer screening for 300 women in Bondaye and is considering establishing a community library in partnership with traditional authorities.<\/p>\n

Alhaji Dauda emphasised that about 85 per cent of new employees, including graduate trainees and casual workers, are sourced locally.<\/p>\n

\u201cWe always ensure that people in our host communities benefit directly from our operations,\u201d he said. \u201cThis builds trust and strengthens our relationship with them.\u201d<\/p>\n

He added that the mine has instituted strict security measures to deter illegal mining activities, which remain a persistent threat.<\/p>\n

Strengthening foundations for long-term stability<\/strong><\/h3>\n

Established in 1994 and now majority-owned by the Ghana National Petroleum Corporation (GNPC), PSGL has experienced operational interruptions over the years but is currently undergoing revitalisation.<\/p>\n

Although the mine is presently processing tailings with an estimated five-year lifespan, management is pursuing concessions for future hard-rock mining. Over 400,000 ounces of gold have been identified through exploration, with US$3 million already invested in preparatory works.<\/p>\n

\u201cAt a point, tailings alone will not be sustainable,\u201d the MD noted. \u201cWe need our own concessions to mine hard rock. That is the future of the company.\u201d<\/p>\n

Rising output and optimistic outlook<\/strong><\/h3>\n

Gold production has doubled from 25kg to 50kg per month under Alhaji Dauda\u2019s leadership, supported by maintenance works and improved operational controls. The company targets a minimum of 150kg monthly output once the refurbishment and dam construction are completed.<\/p>\n

\u201cWe are building buffers that will sustain the company, especially now that gold prices are high,\u201d he explained. \u201cOnce we secure our own concessions, PSGL will remain profitable and resilient for years to come.\u201d<\/p>\n

Looking ahead<\/strong><\/h3>\n

Alhaji Dauda affirmed that the ongoing transformation signals a new dawn for PSGL. Through strategic investment, community partnerships and responsible mining practices, the company aims to establish itself once more as a leading state-owned gold producer.<\/p>\n

\u201cOur focus is not just on production,\u201d he concluded. \u201cWe are building a mine that creates value for the community, our shareholders and the nation.<\/p>\n

Disclaimer: The content provided on Fish FM Online is for informational and entertainment purposes only. While we strive for accuracy, we do not guarantee the completeness, reliability, or timeliness of the information presented. Fish FM Online and its affiliates are not responsible for any errors or omissions, nor for any decisions made based on the content available on our platform.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Prestea Sankofa Gold Limited (PSGL) is committing GH\u00a28 million to refurbish its processing plant as part of efforts to enhance gold production and operational efficiency. In addition, the company is investing over US$3 million in the construction of a modern tailings dam. Managing Director Alhaji Ishaq Dauda stated that the initiative forms part of a […]<\/p>\n","protected":false},"author":123457,"featured_media":14186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9],"tags":[4422],"class_list":["post-14185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-refurbishment-to-boost-output"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14185"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14185\/revisions"}],"predecessor-version":[{"id":14187,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14185\/revisions\/14187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/14186"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}