Heath Goldfields LTD, has announced the signing of a landmark gold offtake agreement with Trafigura Pte Ltd which will see to the Trafigura purchasing 700,000 ounces gold doré from the Bogoso-Prestea operation.
In a statement released on Thursday, April 9,2026 Heath Goldfields LTD stated that the the agreement not only represents one of the most significant gold offtake commitments in West Africa in recent years but also marks a major milestone in the Bogoso-Prestea revival programme. Heath Goldfields LTD added that the signing of agreement will also see to Trafigura providing US$65 million in debt financing to support the restart of the mine’s oxide ore operations.
The transaction which was structured and arranged by Verdant IMAP, acting as exclusive financial advisor, with Sullivan & Worcester UK LLP in London and JLD & MB Legal Consultancy in Accra as legal advisors to Heath Goldfields will also provide for the for the purchase of gold doré produced at the Bogoso-Prestea processing facility with deliveries expected to commence in line with Heath Goldfields’ production schedule.
Speaking to this, the Managing Director, Heath Goldfields LTD, Patrick Appiah Mensah, highlighted that the strategy secures long-term growth, stable jobs, and community benefits, while showing confidence in Ghana’s mining sector and local operators.
“”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. It further provides the revenue certainty we need to accelerate investment, create sustainable employment, and deliver lasting value to our host communities. 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 stated
Also the Head of Metals and Minerals at Trafigura Group, Gonzalo De Olazaval, expressed confidence in the partnership, highlighting its expansion into Ghana’s gold sector and continued commitment to Africa’s metals market.
“We are pleased to sign this offtake agreement with Heath Goldfields. This is Trafigura’s second gold transaction on the African continent and our first in Ghana’s gold sector- a market where we have long-standing commercial relationships across other commodities. Trafigura has been active across metals and minerals markets in Africa for over two decades, and the continent remains a cornerstone as we continue to expand our precious metals business. Bogoso-Prestea is a producing asset with a strong operational team and LMA compliance, and we look forward to applying our physical trading expertise and market access in support of a Ghanaian-owned operation of this quality.“he said
The agreement becomes Trafigura Pte Ltd, a market leader in the global commodities industry,second ever gold transaction on the African continent and first ever in the Ghanaian gold sector.
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