SigraFi raises $35M to connect artisanal gold to institutional markets

AI desk brief

SigraFi secured a $35 million credit facility to expand gold offtake from organised artisanal and small-scale mining (ASGM) cooperatives across the DRC, Zambia and South America, with partners including PeaceGold in eastern DRC. The company says the facility will help channel traceable gold into formal markets via guaranteed offtake agreements, addressing what it calls the “Golden Gap” between artisanal production and institutional buyers.

The article cites World Gold Council framing that global mined gold output may plateau over the next few years, while ASGM already accounts for at least 20% of newly mined gold. For traders, the key takeaway is incremental support for formalised, traceable supply rather than an immediate price catalyst; the longer-run implication is potential improvement in legally sourced supply flows to refiners and institutions.