Ghana gold financing expands with Trafigura $65m deal

Trafigura has signed a 700,000-ounce gold offtake agreement with Ghanaian miner Heath Goldfields. The deal comes with $65 million in debt financing. This marks Trafigura’s first move into Ghana’s gold sector. Deliveries from the Bogoso-Prestea mine will start later this year.

The transaction shows Trafigura’s strategic shift toward Africa’s mining belt. This is the company’s second gold deal on the continent. The first was a late 2025 financing deal for Sierra Leone’s first large-scale commercial gold mine. For Ghana gold financing, this agreement shows strong confidence in both the asset and the country’s mining laws.

Reviving a Historic Asset

Bogoso-Prestea is one of West Africa’s most important gold mines. It has produced more than 9 million ounces since 1912. Heath Goldfields completed its first gold pour at the site in February 2026. This marked the restart of production after a two-year break.

The mine has a 1.5 million tonne per year carbon-in-leach processing plant. It meets international compliance standards. The $65 million financing package will support the restart of oxide ore operations. This will speed up the mine’s return to full capacity.

At current gold prices near $4,700 per ounce, the offtake agreement carries significant value. The deal structure positions both parties to benefit from strong precious metals pricing.

Strategic Expansion in Precious Metals

Trafigura has worked across African metals and minerals for over two decades. The company uses its physical trading skills and global logistics network to support producers. The Bogoso-Prestea deal shows how the commodities trader applies this infrastructure to unlock value in West Africa’s gold sector.

The transaction reflects wider institutional confidence in Ghana’s mining sector. Trafigura’s entry into Ghana gold financing, combined with its Sierra Leone deal, positions the company as a key financier for African precious metals development. For investors tracking African infrastructure and commodity exposure, these deals signal sustained capital deployment in the region’s most productive mining areas.

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