Mining
Gold supply chain
Open-pit and underground mines, doré refining, and LBMA good-delivery bars.
Curated sector reports
Gold supply chain
Mining·⚠ Refinery capacity & ASM oversight
Key chokepoints (4)
Large-scale mine production
⚠ active chokepoint
Permitting and grade decline limit new ounces despite record prices.
Related tickers: NEM
Power & diesel for haul fleets
⚠ active chokepoint
Fuel spikes raise AISC quickly.
Doré refining & LBMA bars
⚠ active chokepoint
Refinery slots tighten when scrap flows drop.
Artisanal mining oversight
⚠ active chokepoint
OECD due diligence can block untraceable doré.