en.Wedoany.com Reported - Verdant IMAP acted as exclusive financial advisor to Ghanaian mining company Heath Goldfields Ltd., advising on the completion of a $65 million debt financing and related offtake arrangements. Heath Goldfields is revitalizing the historic Bogoso–Prestea gold mine. The debt financing will be used for capital expenditures under the company's medium-term mine plan, as well as for general corporate purposes following the company's initial restart in December 2024. Under the agreement, in addition to providing the substantial debt financing, Trafigura has committed to purchasing 700,000 ounces of gold from the Bogoso–Prestea operations. Trafigura is an independent commodity trading company with long-term offtake partnerships with mining producers across Africa. The company stated that the offtake agreement represents a commercial commitment valued at approximately $2.8 billion.

Patrick Appiah Mensah, Managing Director of Heath Goldfields, said in a statement: "This agreement with Trafigura is a defining moment for Heath Goldfields and the Bogoso–Prestea gold mine. It further provides the revenue certainty we need to accelerate investment, create sustainable jobs, and deliver lasting value to our host communities. This is more than a commercial milestone; it is a statement of confidence in Ghana's mining sector and the ability of indigenous operators to deliver at scale."

The offtake arrangement provides Heath Goldfields' production with a market-competitive, long-term sales channel and offers revenue certainty as the company ramps up mine output. The agreement covers the purchase of gold doré produced at the Bogoso–Prestea processing plant and represents one of the most significant gold offtake commitments in West Africa in recent years.

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