Trafigura secures Ghana gold offtake and restart financing

Trafigura Group Pte Ltd has entered into an offtake agreement with Heath Goldfields Ltd. for the purchase of 700,000 ounces of gold doré from the Bogoso–Prestea Gold Mine in the Western Region of Ghana

In parallel, Trafigura will provide US$65mn in debt financing to support the restart of oxide ore operations at the site.

Under the agreement, Trafigura will act as the offtaker for gold doré produced at the Bogoso–Prestea processing facility, with deliveries expected to begin later this year.

The Bogoso–Prestea Gold Mine is among West Africa’s most established gold operations, with cumulative production exceeding 9 million ounces since 1912. Heath Goldfields resumed activity at the site with its first gold pour in February 2026, marking the restart of operations after a two-year pause. The mine includes a 1.5 million tonnes per annum carbon-in-leach (CIL) processing plant and meets SK-1300 reporting standards set by the US Securities and Exchange Commission.

This agreement represents Trafigura’s first gold transaction in Ghana and its second across Africa, following a debt financing deal in December 2025 supporting Sierra Leone’s first commercial-scale gold mine. The move reflects the company’s ongoing expansion in the precious metals segment, leveraging its established capabilities in physical trading, logistics, and global market access.

Gonzalo De Olazaval, head of metals and minerals, Trafigura Group, said, “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 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.”