World Gold Council Adopts Mine-to-Refiner Disclosure Guidance - News and Statistics - IndexBox

AI desk brief

The World Gold Council has adopted new mine-to-refiner disclosure guidance asking gold producers to publicly identify which refiners handle output from each active mine, aiming to improve provenance tracking and separate lawful flows from illicit trade. The framework requires annual disclosure of each mine, its location, the refiner used, and the refiner’s country, while allowing carve-outs for commercial and security-sensitive details and stopping short of a legal mandate or penalties for non-disclosure.

The guidance builds on the council’s 2023 pledge by 33 members with operating mines, whose combined output was about 1,300 tonnes a year, and comes amid scrutiny of Latin American gold supply chains. It also follows pressure from rights groups for broader refiner transparency, including submissions to the LBMA calling for disclosure of all mine-of-origin suppliers.