Heath Goldfields Signs Offtake Agreement and Debt Financing with Trafigura for Bogoso Prestea Mine.

Heath Goldfields Signs Offtake Agreement and Debt Financing with Trafigura for Bogoso Prestea Mine.

Accra, Ghana – Heath Goldfields LTD, the Ghanaian mining company revitalising the historic Bogoso–Prestea Gold Mine, today announced the signing of a landmark gold offtake agreement with Trafigura Pte Ltd, a market leader in the global commodities industry.

Under the terms of the offtake agreement, Trafigura has committed to purchase 700,000 ounces of gold doré from the Bogoso–Prestea operation. The agreement secures a long-term sales channel for Heath Goldfields’ production at competitive market-linked terms and provides revenue certainty as Heath Goldfields scales output from the mine.

The agreement represents one of the most significant gold offtake commitments in West Africa in recent years and marks a major milestone in the Bogoso–Prestea revival programme. The offtake underscores Trafigura’s confidence in Heath Goldfields’ operational capacity and the long-term prospectivity of a well-resourced asset that is compliant with SK-1300 standards.
Alongside the offtake agreement, Trafigura is providing US$65 million in debt financing to support the restart of the mine’s oxide ore operations.

Transaction Highlights
The offtake agreement provides for the purchase of gold doré produced at the Bogoso–Prestea processing facility. Deliveries will commence in line with Heath Goldfields’ production schedule. Ghana remains Africa’s leading gold producer and offers a mature regulatory framework, stable fiscal environment, and strong government partnership.

This transaction was structured and arranged by Verdant IMAP, acting as exclusive financial advisor, with Sullivan & Worcester UK LLP in London and JLD & MB Legal Consultancy in Accra as legal advisors to Heath Goldfields.

Management Commentary
“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. 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.”
— Patrick Appiah Mensah, Managing Director, Heath Goldfields LTD.

“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.”
— Gonzalo De Olazaval, Head of Metals and Minerals, Trafigura Group.

About the Bogoso–Prestea Gold Mine
The Bogoso–Prestea Gold Mine is one of West Africa’s most historically significant mining operations, having produced more than 9 million ounces of gold since 1912. Located in the Prestea Huni-Valley district of Ghana’s Western Region, the operation features a 1.5 million tonne per annum CIL Processing Plant, Sulphide Processing Infrastructure, Grid Power Access, and established Road Networks.

Heath Goldfields completed the first gold pour at Bogoso–Prestea in February 2026, marking the restart of production following a 24-month shutdown. Within just three months of commencing production, Heath Goldfields exceeded its capital raise milestones, reinforcing the strength of its operational and financial strategy. The revival has created over 1,400 direct and indirect jobs and engaged more than 15 local contracting firms.

About Heath Goldfields LTD
Heath Goldfields LTD is a proudly Ghanaian-owned gold mining company focused on the responsible redevelopment of the Bogoso–Prestea Gold Mine. With deep technical expertise and a commitment to sustainable, community-centred operations, Heath Goldfields is repositioning the asset as a modern, globally competitive mining operation. Heath Goldfields combines indigenous ownership, local workforce development, and Ghanaian entrepreneurship with international best practices in safety, environmental compliance, and stakeholder engagement.
Visit: www.heathgoldfields.com