Building a Stockpile Model for Modeling Gold Grade, Increasing Confidence and Reducing the Risk in Short Term Mine Planning at Akyem Mine

Newmont Akyem mine in Ghana is committed with continuous improving results. A new environment where the price varies rapidly requires of better understanding of the deposits and the gold contained in the ore. This better understanding allows the mine planners to quick adjust and fast response to economic changes for gold price. Newmont Akyem Mine has approximately 9.4 million tons of ore in the stockpiles. Mine planers are still using average grade in all stockpiles to do a mine plan. The re-handled material is blended with the prime material coming from the mine.