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Trafigura Backs Bogoso–Prestea Restart with $65M Financing and Gold Offtake Deal

Global commodities trader Trafigura has entered Ghana’s gold sector through a financing and offtake agreement with Heath Goldfields, supporting the restart of the Bogoso–Prestea mine in western Ghana.

Under the deal, Trafigura will purchase approximately 700,000 ounces of gold doré produced at the Bogoso–Prestea processing facility, with deliveries expected to commence later this year as production scales up.

In parallel, the company is providing $65 million in debt financing to fund the restart of oxide ore operations, helping to bring the mine back to stable, sustained output.

Heath Goldfields resumed operations at Bogoso–Prestea earlier this year, achieving its first gold pour in February after a two-year shutdown—an important milestone in the mine’s recovery.

Trafigura noted that the asset benefits from an experienced operating team and adherence to London Bullion Market Association-aligned standards, positioning it well for integration into global bullion supply chains.

The company added that its involvement will combine physical offtake capabilities with access to international markets, supporting the growth of the Ghanaian-owned operation.

The transaction marks Trafigura’s first entry into Ghana’s gold industry and its second gold-related investment in Africa, highlighting the firm’s expanding presence in precious metals trading and financing across the continent.

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