Gold Hub · The numbers

Every published reading, method-tagged, never averaged.

For each metric on responsible gold, the full spread of published readings: each one carries its source, its reference year and how it was produced.

Most headline numbers about gold descend from a handful of origins. This page shows the spread instead of crowning a winner.

Contested counts publish as attributed ranges, with the floor source and the ceiling source named. Self-reported figures carry "per X, unaudited" and never enter headline stats.

The year shown is the year a figure refers to, not the year it was reprinted; re-citations are labelled as re-citations.

How to read this

Four methods, weakest to strongest.

Each metric leads with the weakest method among its readings: honesty leads worst-case.

AssayedDirectly measured: registry- or market-observed. Rare.
SampledCounted on a field sample or compiled survey, then scaled.
ModelledDerived from other figures: trade gaps, multipliers, shares.
GuessedA round number or asserted counter, re-cited without re-derivation.
Production & flows

How much gold, and through where.02

Shares, undeclared production and trade flows, mostly modelled from trade-gap analysis and single origins.

01

ASGM share of world mined gold

modelled
15%20%% of newly mined gold
No agreed number·4 readings·1.1× spread·freshest 2025
15%20%
Why the numbers differ

Almost no spread, and that is the finding: one 2017 IGF estimate has been recirculated for nearly a decade by the LBMA, the WGC and the World Bank without re-derivation. The credible range is 15-20%, vintage 2017-2019, and because ASGM production is unregistered by definition, every reading here is modelled from the same single origin.

02

Undeclared African ASM gold production

modelled
321 t474 ttonnes per year
No agreed number·2 readings·freshest 2022
321 t474 t
Why the numbers differ

Trade-mirror estimation carries bounds by construction: you infer what was never declared by comparing what importing countries record against what exporting countries admit. The 321-474 t band is the method’s honest width, from a single producer (Swissaid) whose method has been widely checked, and there is no registry to verify it against.

People

Who mines the gold.01

Livelihood counts in artisanal and small-scale gold mining, with the all-minerals figure shown as a labelled out-of-scope reading.

03

People working in ASGM (gold only)

modelled
10M20Mpeople, gold mining only
No agreed number·3 readings·4.5× spread·freshest 2025
10M20M
Why the numbers differ

The gold-only estimates (around 10M versus 15-20M) differ on vintage and modelling, and none rests on a census. But the bigger hazard is scope: the widely quoted 45M is all-minerals ASM (World Bank 2024, Delve 2020 lineage), shown here as a labelled out-of-scope reading so it stops migrating into gold copy.

Market

Prices, vaults and demand.03

The registry- and market-observed layer: vault holdings, price records and demand estimates, with the estimator named.

04

UAE gold imports

modelled
1,392 t (2024, one year)2,569 t (2012-2022, African, cumulative)tonnes, two different bases
No agreed number·2 readings·1.8× spread·freshest 2024
1,392 t (2024, one year)2,569 t (2012-2022, African, cumulative)
Why the numbers differ

These readings do not disagree; they count different things: one year of all imports versus eleven years of African imports. Both trace to a single producer, Swissaid, working from mirror trade data, which is why the hub carries them attributed rather than as settled fact.

05

Ghana small-scale gold export revenue, 2025

guessed
US$8.06bn (Jan to mid-Oct)>US$10bn (full-year claim)USD, per GoldBod
No agreed number·2 readings·1.2× spread·freshest 2025
US$8.06bn (Jan to mid-Oct)>US$10bn (full-year claim)
Why the numbers differ

Both readings come from the party being measured: GoldBod is buyer, exporter and scorekeeper at once. The independent record pushes back: a MyJoyOnline analysis argues the financing structure left a GH¢9bn hole at the Bank of Ghana, and critics warn monopoly pricing invites smuggling. Revenue booked is not value created; the spread between the claim and the critique is the story.

06

London vault holdings and market records

assayed
9,392 t vaulted (end-May 2026)US$4,000/oz broken (8 Oct 2025)tonnes vaulted; price records
No agreed number·2 readings·2.3× spread·freshest 2026
9,392 t vaulted (end-May 2026)US$4,000/oz broken (8 Oct 2025)
Why the numbers differ

No disagreement to explain: these are the best-measured numbers on the page, one from the LBMA’s monthly vault registry, one from the traded market. They sit here as the calibration point, what "assayed" looks like, against which every modelled and asserted figure above should be read.

Assurance

What is certified, audited and conformant.03

Register counts and certified volumes, including the counts that disagree on the schemes’ own pages.

07

Fairmined certified organizations

guessed
511mining organizations holding the certificate
No agreed number·3 readings·2.2× spread·freshest 2026
511
Why the numbers differ

Certification lapses plus stale counters on the scheme’s own web properties. Per this hub’s policy, a contested count publishes as an attributed range, floor and ceiling both named and dated, never as one number.

08

Certified or premium ASM gold volumes, 2024-25

assayed
74.12 kg (Fairmined, 2024)~82 t (Ghana GoldBod, 2025)kg per year, per instrument
No agreed number·4 readings·1106× spread·freshest 2025
74.12 kg (Fairmined, 2024)~82 t (Ghana GoldBod, 2025)
Why the numbers differ

These are different instruments measured in the same unit: a certification label (Fairmined), fair-trade terms (Fairtrade), an escalator sourcing model (Swiss Better Gold) and a state monopsony (GoldBod). The three-orders-of-magnitude gap is structural, not a dispute. And every reading is party-reported and unaudited, so each carries its attribution on its face.

09

Accredited responsible gold refiners

assayed
66 (LBMA gold GDL)94 (RMI conformant)refiners on the two registers
No agreed number·2 readings·1.4× spread·freshest 2026
66 (LBMA gold GDL)94 (RMI conformant)
Why the numbers differ

Two registries counting two different things: the RMI list absorbs LBMA and RJC audits through cross-recognition, so it is larger by construction, while the gold GDL counts only LBMA-accredited gold refiners. Add the "100+" gold-plus-silver framing and the same industry yields three defensible counts.

Method

Where these numbers come from.

Every reading traces to a named source in the July 2026 crawl. Readings are never averaged and never ranked; where a spread exists, the spread is the finding.

Reviewed 2 July 2026.

The gap

The most repeated numbers are the least re-measured.

The ASGM share of world gold traces to one 2017 estimate; the certified-organisation counts disagree on the scheme’s own pages. Treat every unsourced gold statistic as a citation waiting to be checked.