Heath Goldfields Ltd. has described its newly signed gold offtake agreement with Trafigura Pte Ltd as a defining moment in the revival of the Bogoso-Prestea Gold Mine, underscoring renewed global confidence in Ghana’s mining sector.
The agreement, which commits Trafigura to purchase 700,000 ounces of gold dore from the Bogoso-Prestea operation, is expected to provide a long-term sales channel for the company’s production while ensuring revenue certainty as output scales.
At current gold prices of approximately USD 3,300 per ounce, the agreement is valued at over USD 2.3 billion. At a benchmark price of USD 4,000 per ounce, the deal is projected to reach an estimated USD 2.8 billion in committed offtake value.
Speaking on the development, Managing Director of Heath Goldfields, Patrick Appiah Mensah, said the deal represents a major milestone not only for the company but for the historic mine.
“This agreement with Trafigura is a defining moment for Heath Goldfields and for the Bogoso-Prestea Mine. To have one of the world’s foremost commodity trading houses commit to such a significant offtake is a powerful endorsement of our operational strategy, our resource base, and the long-term future of this historic operation,” he stated.
READ: Heath Goldfields secures $2.8bn gold offtake deal with Trafigura for Bogoso-Prestea Mine
“It further provides the revenue certainty we need to accelerate investment, create sustainable employment, and deliver lasting value to our host communities,” he said.
Mr. Appiah Mensah emphasised that beyond its commercial significance, the deal reflects broader confidence in Ghana’s mining industry and the capability of local operators.
He added that the agreement would play a critical role in accelerating investment and supporting long-term impact.
“This is not just a commercial milestone; it is a statement of confidence in Ghana’s mining sector and in the ability of an indigenous operator to deliver at scale,” he noted.
The offtake agreement is considered one of the most significant gold commitments in West Africa in recent years and forms a key part of the Bogoso-Prestea revival programme.
As part of the broader transaction, Trafigura is also providing $65 million in debt financing to support the restart of oxide ore operations at the mine.
Heath Goldfields, a Ghanaian-owned mining company, recently resumed operations at the Bogoso-Prestea Mine following a 24-month shutdown, with the first gold pour recorded in February 2026. The company says the agreement positions the mine for sustained production and long-term growth.
Source: Starrfm.com.gh
