Heath Goldfields Ltd. has signed a long-term gold offtake agreement and secured US$65 million in debt financing from Trafigura Pte Ltd, in a transaction expected to strengthen the operational restart and commercial outlook of the Bogoso-Prestea Gold Mine in Ghana’s Western Region.
The Ghanaian-owned mining company said the agreement covers the purchase of 700,000 ounces of gold dore, providing a structured sales channel for production from the revived mine and reinforcing confidence in one of the country’s most closely watched mine restart programmes.
The arrangement is expected to support production scale-up at Bogoso-Prestea, which resumed operations earlier this year after a 24-month shutdown.
Heath Goldfields described the deal as a major step in its redevelopment strategy, noting that the offtake provides “revenue certainty” and strengthens its ability to accelerate capital deployment, support employment, and stabilise operations at the historic mining asset.
Managing Director of Heath Goldfields, Patrick Appiah Mensah, said the agreement marks a “defining moment” for both the company and the mine, adding that the commitment from one of the world’s major commodity traders signals confidence in the company’s operating model, resource base and long-term expansion plans.
He said the transaction also reflects confidence in “an indigenous operator” with the capacity to manage a large-scale producing asset under internationally recognised standards.
For Trafigura, the agreement deepens its footprint in Ghana’s extractives sector and marks what the commodities trader described as its “first in Ghana’s gold sector”, even as it builds on existing commercial relationships in other commodity segments.
Trafigura’s Head of Metals and Minerals, Gonzalo de Olazaval, said Bogoso-Prestea is a “producing asset” with a strong operational team and LBMA compliance, positioning it as a commercially viable mine with access to international bullion markets.
The financing package is expected to support the restart of the mine’s oxide ore operations, a key phase in the company’s broader turnaround strategy for the asset, which has historically been one of the most significant gold-producing operations in West Africa.
Located in the Prestea Huni-Valley District of Ghana’s Western Region, the Bogoso-Prestea mine has produced more than 9 million ounces of gold since 1912. The operation includes a 1.5 million tonne per annum carbon-in-leach processing plant, sulphide processing infrastructure, established road access and connection to grid power.
Heath Goldfields said it completed its first gold pour in February 2026, formally restarting production after the prolonged operational suspension. The company added that within three months of recommencing production, it had surpassed key capital raise targets, pointing to improved investor confidence and stronger financing traction.
Beyond its commercial significance, the company said the mine’s revival is already having local economic impact, with more than 1,400 direct and indirect jobs created and over 15 local contracting firms engaged as part of the restart process.
The transaction aligns with Ghana’s efforts to sustain its position as Africa’s leading gold producer while increasing value retention, local participation and investor confidence in the mining sector.
