Blue Gold Bogoso Prestea Limited, the new owner of the Bogoso and Prestea gold mining leases, has restarted operations at the mines after a period of care and maintenance.
Underground mining activities and dewatering have commenced, and the processing plant is being prepared for gold pour.
In parallel, the company has completed 9km of access roads for the tailings lift, which will be supervised by Knight Piesold.
Over 200 staff have resumed work, with plans to further expand the workforce in the coming months.
The decision to restart the mine coincides with a strategic partnership and funding agreement with Gerald Group, a global metal and mining company.
Gerald will invest in the mine to increase its resilience and throughput capacity.
They will also act as the offtaker of the material and provide technical support to the leadership team.
Blue Gold acquired the Bogoso and Prestea gold mining leases from FGR Bogoso Prestea Limited in May 2024.
FGR Bogoso Prestea Limited will receive a portion of the revenue from Blue Gold to address its creditor obligations.
The Bogoso and Prestea gold mines are among Ghana’s oldest and largest mining concessions.
Blue Gold aims to transform these assets into a multi-generational, low-cost gold producing operation with an estimated 18-year life of mine.
Gerald Group, a renowned commodity trading company, will bring its expertise to the partnership.
With a distinguished track record spanning six decades, Gerald Group is known for its global trading capabilities and trusted partnerships with leading mining companies.
