The offtake arrangement secures a long-term sales channel for Heath Goldfields’ production at competitive market-linked terms and provides revenue certainty as the company scales output.
Verdant IMAP (www.Verdant-Cap.com) has advised Heath Goldfields Ltd., the Ghanaian- mining company revitalising the historic Bogoso–Prestea Gold Mine, on a USD 65 million debt financing and associated offtake arrangements. The debt financing shall be used for capex related to the company’s medium term mine plan following an initial restart in December 2024 and for general corporate purposes.
Under the terms of the agreement, in addition to providing the substantial debt financing, Trafigura has committed to purchase 700,000 ounces of gold from the Bogoso–Prestea operation, representing a commercial commitment valued at approximately US$2.8 billion. The offtake arrangement secures a long-term sales channel for Heath Goldfields’ production at competitive market-linked terms and provides revenue certainty as the company 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. It signals Trafigura’s confidence in Heath Goldfields’ operational capacity and the long-term prospectivity of a well-resourced asset compliant with SK-1300 standards.
The offtake agreement provides for the purchase of gold doré produced at the Bogoso–Prestea processing facility Deliveries will commence in line with the company’s production schedule. The agreement has been structured at competitive industry terms benchmarked to prevailing international gold prices.
For Trafigura, the agreement deepens its presence in West African precious metals and aligns with the firm’s broader strategy of securing long-term supply from established mining jurisdictions. 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 to Heath Goldfields. The transaction reinforces Verdant IMAP as one of the leading financial advisors in the African capital market, with the capacity to structure and arrange transactions with Tier 1 global counterparties.
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