Trafigura and Ghana Gold Miner Sign Offtake, Financing Deal

Trafigura Group signed an offtake agreement with Ghana’s Heath Goldfields Ltd. to purchase 700,000 ounces of gold doré, while also providing debt financing, as it pushes further into precious metals markets.

Under the terms of the deal, Trafigura will buy gold doré produced at the Bogoso–Prestea processing facility, with deliveries expected to commence later this year, the trading house said in a statement on Thursday. At the same time, Trafigura is providing $65 million in debt financing to support the restart of the mine’s oxide ore operations.