Verdant IMAP helps Bogoso-Prestea gold mine owner secure $65 million deal
M&A consultancy firm Verdant IMAP has supported Heath Goldfields with securing a $65 million debt financing facility and associated offtake arrangements.
Heath Goldfields is a Ghanaian-owned gold mining company focused on the revitalisation and redevelopment of the Bogoso-Prestea gold mine. This mine is one of West Africa’s most historically significant mining operations, having produced more than 9 million ounces of gold since 1912.
Located in the Prestea Huni-Valley district of Ghana’s Western Region, the operation features a 1.5 million tonne per annum Carbon-in-Leach (CIL) processing plant, sulphide processing infrastructure, grid power access, and road networks.
In February this year, Heath Goldfields completed the first gold pour at Bogoso-Prestea, marking the restart of production following a 24-month shutdown.
Now, four months after this milestone, Trafigura – a global commodity trading company – has provided Heath Goldfields with $65 million in debt financing. Additionally, Trafigura has committed to purchase 700,000 ounces of gold from the mine, representing a commercial commitment valued at approximately $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. It also marks good news for the local economy – the mine safeguards over 1,400 direct and indirect jobs.
According to data from Mining.com, the agreement represents one of the most significant gold offtake commitments in West Africa in recent years.
For Trafigura, meanwhile, 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 is Africa’s leading gold producer and offers a mature regulatory framework, stable fiscal environment, and strong government partnership.
During the transition, Heath Goldfields was advised by Verdant IMAP, which acted as exclusive financial advisor and took responsibility for structuring, arranging and negotiating the deal.
Earlier this year, Verdant IMAP closed a deal mandate in South Africa, having advised Open Access Data Centres (OADC) on the acquisition of a data centre portfolio from NTT Data.
