Global Gold Infrastructure 2026: Mine to Market

MAJOR PURCHASERS

🇨🇳 People's Bank of China (Reserves) • 🇮🇳 Reserve Bank of India • SPDR Gold Shares (ETF) • Chow Tai Fook (Jewelry) • 🇹🇷 Central Bank of Turkey • Apple Inc. (Industrial) • Tiffany & Co. • U.S. Mint (Eagle Coins) • 🇩🇪 Deutsche Bundesbank • Samsung Electronics (Bonding Wire) • 🇵🇱 National Bank of Poland

Global Reserves

54,770 Tonnes

🌍

Resources: 132,110t (USGS)

Total Above-Ground

216,265 Tonnes

🏗️

End-2024 Estimate

Recycled Supply

1,280 Tonnes

♻️

▲ 4.2% from previous year

Avg All-In Cost (AISC)

$43,500 / kg

💰

Margin: ~53% at current spot

Asset Types

Mine

Refinery

Above-Ground Stock (216,265t)

Value Chain Cost Buildup (USD/kg)

Asset Registry

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Select an asset to view the value chain