A major boost for Ghana’s mining sector has emerged after Heath Goldfields Ltd. signed a landmark gold offtake agreement with global commodities trader Trafigura, in a deal valued at up to $2.8 billion.A gold mine run by the Chinese at Obuasi, more than two hours’ drive from Kumasi, the second largest city in Ghana.
gold mine run by the Chinese at Obuasi, more than two hours’ drive from Kumasi, the second largest city in Ghana.Heath Goldfields has signed a major gold offtake agreement with Trafigura worth up to $2.8 billion.The deal covers 700,000 ounces from Ghana’s historic Bogoso-Prestea mine.Backed by financing, the agreement supports job creation and the resumption of operations.It highlights growing global investor confidence in Africa’s indigenous The agreement covers the purchase of 700,000 ounces of gold doré from the Bogoso-Prestea mine in Ghana’s Western Region.
Backed by $65 million in debt financing, the transaction is expected to accelerate the mine’s revival and reinforce Ghana’s position as a leading gold producer in Africa.At current market estimates of about $3,300 per ounce, the deal is worth roughly $2.3 billion, rising to $2.8 billion at a projected $4,000 per ounce, a level some analysts consider a medium-term benchmark amid strong global demand for gold.
The Bogoso-Prestea mine, which has yielded over 9 million ounces since 1912, had been inactive for years before its acquisition by Heath Goldfields. Operations resumed recently, with the company pouring its first gold in February 2026.Since the restart, Heath Goldfields reports it has surpassed capital targets, generated more than 1,400 jobs, and engaged over 15 local contractors, signalling a broader economic impact beyond production.Describing the agreement as transformative, Managing Director Patrick Appiah Mensah said it represents “a statement of confidence in Ghana’s mining sector and in the ability of an indigenous operator to deliver at scale.
”Trafigura also emphasised the strength of the asset. Its Head of Metals and Minerals, Gonzalo De Olazabal, noted that the mine’s operational capacity and compliance standards made it an attractive investment.This marks Trafigura’s first gold transaction in Ghana and only its second in Africa, underscoring rising international interest in the continent’s mineral resources.Structured by Verdant IMAP with legal support from Sullivan and JLD & MB Legal Consultancy, the deal is expected to position Bogoso-Prestea as a key contributor to Ghana’s gold output while highlighting the growing influence of indigenous mining firms.
