Trafigura Signs $65M Gold Offtake Deal with Heath Goldfields in Ghana

Trafigura Group, a commodities trading company that connects essential resources, such as oil, petroleum products, metals, minerals, gas, and power, with customers, has signed an offtake agreement with Heath Goldfields, a leaseholder and operator of the Bogoso‑Prestea Gold Mine in Ghana’s Western Region.

Under this agreement, Trafigura will purchase 700,000 ounces of gold doré from the Bogoso–Prestea Gold Mine. In addition to the offtake arrangement, Trafigura is providing $65 million in debt financing to support the restart of the mine’s oxide ore operations.

The Bogoso–Prestea Gold Mine is one of West Africa’s most significant gold operations, having produced over 9 million ounces of gold since its inception in 1912. In February 2026, Heath Goldfields completed the first gold pour at the site, marking the restart of production after a two-year pause. The facility includes a carbon-in-leach (CIL) processing plant with a capacity of 1.5 million tonnes per annum and complies with SK-1300 standards- mineral resource and reserve reporting guidelines set by the U.S. Securities and Exchange Commission.

Gonzalo De Olazaval, Head of Metals and Minerals at Trafigura Group, expressed their satisfaction in signing an offtake agreement with Heath Goldfields. This agreement represents Trafigura’s first transaction in Ghana’s gold sector and its second gold deal on the African continent, following a debt financing transaction in December 2025 to support Sierra Leone’s inaugural commercial-scale gold mine.

“These transactions reflect the continued expansion of Trafigura’s precious metals business, drawing on the same physical trading expertise, logistics capabilities and market access that underpin its broader metals and minerals platform,” said Olazaval. 

Meanwhile, Patrick Appiah Mensah, Managing Director of Heath Goldfields, is equally satisfied with this partnership as it secures a long-term sales channel for Heath Goldfields’ production on competitive market-linked terms. 

“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,” said Mensah. 

“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.”