Heath Goldfields to Invest $135 Million in First Year of Operations

Heath Goldfields Ltd. has announced plans to inject US$135 million in its first year of operations, with the arrival of a US$35 million state-of-the-art mining fleet marking a major step in the revival of the Bogoso–Prestea Gold Mine.

The fleet, comprising Komatsu 785 haul trucks, excavators, dozers and loaders, has been deployed through a strategic partnership with Frid oug Company Limited, a Ghanaian local contractor, underscoring the company’s strong commitment to local content and participation in the mining value chain.

Management indicated that the arrival of the equipment forms a critical part of a broader, phased investment strategy aimed at investing US$500m over a 10- year period, restoring the mine to sustainable production, improving operational efficiency, and ensuring safe and reliable mining activities.

“This development reflects our readiness to make the necessary investments to reposition Bogoso–Prestea as a modern, competitive and sustainable mining operation,” the company noted.

Beyond operational gains, the collaboration with Fridoug is expected to drive job creation, enhance skills development and stimulate economic activity within host communities.
Industry analysts say the scale of the planned investment signals renewed confidence in the mine’s recovery prospects and highlights the growing role of Ghanaian contractors in large-scale mining operations.

Heath Goldfields reaffirmed its commitment to responsible and sustainable mining, emphasising its focus on delivering long-term value to stakeholders while contributing meaningfully to Ghana’s gold production.