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Mining

Gold supply chain

Open-pit and underground mines, doré refining, and LBMA good-delivery bars.

⚠ Refinery capacity & ASM oversight

Key chokepoints

  • Large-scale mine productionMining

    Permitting and grade decline limit new ounces despite record prices.

    Related tickers: NEM

  • Power & diesel for haul fleetsOperations

    Fuel spikes raise AISC quickly.

  • Doré refining & LBMA barsRefining

    Refinery slots tighten when scrap flows drop.

  • Artisanal mining oversightESG

    OECD due diligence can block untraceable doré.

Open interactive traceAll reports