Trafigura Seals Landmark $2.8 Billion Gold Offtake Agreement With Ghana’s Heath Goldfields

Trafigura partners with Heath Goldfields in a $2.8 billion offtake deal to revive Ghana’s historic Bogoso-Prestea mine and boost local mining.

By: AXL Media

Published: Apr 9, 2026, 4:14 AM EDT

Source: Information for this report was sourced from Business Insider Africa

Strategic Partnership for Ghana’s Mining Revival

Heath Goldfields Ltd. has secured a transformative offtake agreement with Trafigura, the world’s largest private metal trader, marking a significant milestone for Ghana’s extractive industry. The deal facilitates the purchase of 700,000 ounces of gold doré from the Bogoso Prestea mine located in the Western Region of Ghana. Supported by $65 million in debt financing, the partnership is designed to provide the necessary liquidity to ramp up operations at a site that has been a cornerstone of the regional economy for over a century.

Valuation Peaks Amid Global Gold Demand

The financial scale of the agreement reflects the current bullish sentiment in the global bullion market. At current estimates of approximately $3,300 per ounce, the contract holds an immediate value of roughly $2.3 billion. However, as global demand remains robust, analysts have identified $4,000 per ounce as a medium term benchmark, which would elevate the total deal value to $2.8 billion. This valuation underscores the strategic importance of securing reliable supply chains from high grade African deposits during periods of economic volatility.

Resurgence of the Historic Bogoso Prestea Mine

The Bogoso Prestea mine has a storied history, having produced over 9 million ounces of gold since 1912, yet it remained inactive for several years prior to its recent acquisition. Under the stewardship of Heath Goldfields, the site saw its first gold pour in February 2026. The restart of operations has already allowed the company to exceed its initial capital targets, demonstrating the operational viability of the asset despite its long period of dormancy and the technical challenges associated with reviving older mining infrastructures.