Blue Gold Bogoso Prestea Limited, the new owner of the Bogoso and Prestea gold mining leases, has restarted operations at the Bogoso and Prestea mine after a period of care and maintenance since December 2023.

A statement dated Monday, August 2, 2024, indicated that underground mining activities and dewatering have commenced, and the team is preparing the processing plant for a gold pour.

"In parallel, 9 km of access roads have been prepared for the commencement of the tailings lift, which will be completed under the supervision of the engineer of record, Knight Piesold," the statement announced.

The statement also mentioned that "over 200 staff resumed work in August, and the company will continue to expand the number of workers on-site during September and October."

The decision to restart the mine coincides with the conclusion of a strategic partnership and funding agreement with the global metal and mining company, Gerald Group.

Under the terms of the agreement, Gerald will invest in the mine "to increase resilience and throughput capacity of the processing plant and the underground operations."

Gerald Group will act as the off-taker of the material, provide technical support to the leadership team, and actively participate in the governance of the company.