Trafigura Signs Gold Offtake and Financing Deal with Heath Goldfields to Restart Bogoso–Prestea Mine
Trafigura Enters Ghana Gold Market with $65M Financing and 700,000 oz Offtake Deal for Bogoso–Prestea Mine Restart
Global commodity trading company Trafigura has entered into an offtake and financing agreement with Ghana-owned mining firm Heath Goldfields to support the restart of operations at the Bogoso Prestea gold mine in western Ghana.
Under the agreement, Trafigura will purchase approximately 700,000 ounces of gold doré produced at the Bogoso–Prestea processing facility. Deliveries are expected to begin later this year as production ramps up.
In addition to the offtake arrangement, Trafigura is providing $65 million in debt financing to support the restart of oxide ore operations at the site, helping to fund the mine’s return to sustained production.
Heath Goldfields resumed production at Bogoso–Prestea earlier this year, achieving its first gold pour in February after a two-year suspension of operations, marking a key milestone in the asset’s revival.
According to Trafigura, the mine is a producing asset with an experienced operational team and London Bullion Market Association (LBMA)-aligned standards, making it suitable for integration into global bullion supply chains.
The trading firm noted that its role will combine physical offtake capabilities with market access to support the Ghanaian-owned operation.
This transaction represents Trafigura’s first engagement in Ghana’s gold sector and its second gold-related deal on the African continent, underscoring the company’s expanding footprint in precious metals trading and financing.
