Heath Goldfields Ltd. has announced a landmark $2.8bn offtake agreement with Trafigura Pte Ltd., world’s largest commodity trading firm, securing the purchase of 700,000 ounces of gold from the Bogoso-Prestea mine in the Western Region.
The agreement also includes Trafigura’s commitment of $65 million in accompanying debt financing to restart the Bogoso-Prestea mine’s oxide ore operations.
“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,” said Managing Director of Heath Goldfields, Patrick Appiah Mensah, in a statement.Ghanaian cultural events
Bogoso-Prestea has been producing gold since 1912, accumulating more than 9 million ounces over its lifetime. The mine went dark during a prolonged shutdown, but Heath Goldfields, a Ghanaian-owned company, stepped in with a vision to bring it back.
They poured first gold in February 2026, just two months ago. In the weeks since, the company says it has already exceeded its capital raise milestones, created more than 1,400 direct and indirect jobs, and engaged over 15 local contracting firms.
“Bogoso-Prestea is a producing asset with a strong operational team and LBMA compliance, and we look forward to applying our physical trading expertise and market access in support of a Ghanaian-owned operation of this quality,” said Gonzalo De Olazaval, Head of Metals and Minerals, Trafigura Group.
He said for Trafigura, this marks only its second gold transaction in Africa and its first in Ghana’s gold sector, a signal that the world’s commodity giants are paying close attention to West Africa’s most prolific gold-producing nation.
Ghana has long held the title of Africa’s largest gold producer, and deals like this one reinforces that position in an era of surging gold prices and intensifying global demand for responsibly sourced precious metals.
The transaction was structured by Verdant IMAP, a pan-African investment bank with deep roots in metals and mining M&A and backed by legal teams from Sullivan in London and JLD & MB Legal Consultancy in Accra, a combination that underscores the cross-border sophistication of the deal.Travel guide Accra
With gold testing new highs in 2026 and institutional appetite for African mining assets at its strongest in years, the Heath Goldfields-Trafigura agreement may well mark the opening chapter of a new era for Ghana’s gold sector, one led – for the first time – by an indigenous operator with the partnerships to match its ambition.
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Tags: $2.8bn Deal, Bogoso-Prestea Mine, general news, Heath Goldfields, Trafigura
