Heath Goldfields Ltd. has announced a landmark offtake agreement with global commodities giant, Trafigura Pte Ltd., securing the purchase of 700,000 ounces of gold doré from the historic Bogoso-Prestea mine in Ghana’s Western Region.
At current gold prices of approximately $3,300 per ounce, the agreement is valued at over $2.3 billion.
However, at a projected benchmark of $4,000 per ounce, considered by some analysts as a likely medium-term floor, the total value rises to about $2.8 billion. For a mine that was inactive just two years ago, the scale of the deal is significant.
In addition to the offtake, Trafigura is providing $65 million in debt financing to support the restart of oxide ore operations, further strengthening the mine’s return to full production.
The deal is already drawing attention within African mining finance circles, seen as a strong endorsement of Ghana’s mining sector and the growing capacity of indigenous operators.
“This is not just a commercial milestone; it is a statement of confidence in Ghana’s mining sector and in the ability of a local operator to deliver at scale,” said Patrick Appiah Mensah, Managing Director of Heath Goldfields.
Bogoso-Prestea, one of Ghana’s oldest gold mines, has been in operation since 1912 and has produced more than nine million ounces of gold over its lifetime.
Following a prolonged shutdown, Heath Goldfields took over the asset with a plan to revive it.
The company poured its first gold in February 2026 and has since made steady progress. It reports exceeding capital mobilisation targets, creating more than 1,400 direct and indirect jobs and engaging over 15 local contracting firms.
For Trafigura, which operates in over 150 countries and employs nearly 14,500 people, the investment marks a calculated but notable move.
Known for its cautious approach, the firm’s involvement signals strong confidence in the project.
“Bogoso-Prestea is a producing asset with a strong operational team and LBMA compliance and we look forward to applying our market expertise in support of this Ghanaian-owned operation,” said Gonzalo De Olazaval, Head of Metals and Minerals at Trafigura.
The transaction represents Trafigura’s second gold deal in Africa and its first in Ghana, highlighting the country’s continued relevance as the continent’s leading gold producer amid rising global demand.
The deal was structured by Verdant IMAP, with legal support from Sullivan and JLD & MB Legal Consultancy, reflecting its cross-border complexity.
With gold prices climbing in 2026 and investor interest in African mining strengthening, the Heath Goldfields –Trafigura agreement could mark a turning point for Ghana’s gold sector, signalling a shift toward indigenous firms leading large-scale mining backed by global partnerships.
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