Your go-to source for mining insights and visuals—transforming complex data into clear graphics that highlight the essential minerals building our future. 📊⛏️
Where Does the World's Gold Come From, and Who Is Buying It?
Gold's global supply and demand tell an important story about the evolving gold market.
In Q2 2026, mine production accounted for approximately 74% of the gold supply categories presented, while recycling contributed the remaining 26%.
On the demand side, central bank purchases reached 288.9 tonnes, a 62% increase year over year, highlighting the growing importance of central banks in the global gold market. Investment, jewellery and technology demand also continue to shape the market.
At Galiano Gold, we contribute to global gold production through the Asanko Gold Mine in Ghana. As the gold market evolves, our focus remains on safe and disciplined operations, advancing exploration opportunities and positioning the business for sustainable growth and long-term shareholder value.
Global demand. Responsible production. Long-term value.
#GalianoGold #AsankoGoldMine #GoldMining #GoldMarket #GAU
Charted: Pakistan’s Mineral Export Outlook to 2039 📈
A tentative outlook from the Petroleum Division puts Pakistan’s mineral export earnings at US$10.46 billion a year by 2039, up from US$932 million in 2025.
The chart groups the projects behind that outlook into five stages: mines in production today, projects in development such as Reko Diq and Siah Diq, planned rail, road and port links, new processing plants, and more than 40 recently granted exploration licences.
Learn more at the @pakminforum, 12 and 13 November. Register for PMIF26 at https://t.co/NYpQfZuCDM
#PMIF #PMIF2026
Every copy of the In Gold We Trust Report 2026 compact edition at the Precious Metals Summit in Zurich is gone. Thanks to everyone who picked one up.
Missed it? Find @RonStoeferle there anyway.
Mapped: Lithium in Pakistan ⛏️
This map shows where lithium has been found or reported in Pakistan, grouped by deposit type: brine lakes, brine from wells, hard-rock pegmatite and clay.
In Balochistan, the brine lakes of Chagai sit in a desert basin where evaporation concentrates lithium over time. In Sindh, OGDC found lithium in well brine while drilling for oil and gas at the Wahid Bakhsh well. Hard-rock pegmatites are reported in Chitral and Gilgit-Baltistan, and lithium-bearing clay in the Salt Range in Punjab.
Learn more at the @pakminforum, 12 and 13 November. Register for PMIF26 at https://t.co/NYpQfZuCDM
#PMIF #PMIF2026
IGWT Recap, week of Nov 6
Incrementum Active Aurum Signal: Defensive 🛡️
W/W change:
🥇 Gold (USD): 4,065.63 | +4.92%
🥈 Silver (USD): 51.87 | +5.64%
⚖️ G/S Ratio: 78.38 | -0.54
⛏️ GDX (USD): 87.60 | +13.63%
⛏️ SIL (USD): 79.36 | +11.38%
Treasury yields fell after the midterms and the dollar touched a one-month low, giving gold its best week in more than two months. The gold miners rose almost three times as hard as the metal.
October's drawdown never pushed the holders out. Global gold ETF holdings finished the month at a record 4,275.1 tonnes, the fourth straight month of inflows. Central banks added 321.2 tonnes in the third quarter, 42% more than a year earlier.
Goldman Sachs cut its year-end gold target to USD 4,150 from USD 4,650. The FOMC meets on 8 and 9 December.
Since 2021, solar makers and coin buyers have taken more silver each year than mines and recycling supply. Five deficits and a sixth forecast for 2026 add up to 762.3 Moz, 90.3% of a year's mine output.
"Deficits don't matter, until they do," as the Silver Institute puts it.
Mapped: Antimony in Pakistan 🪨
This map shows 14 known antimony occurrences in Pakistan and the 43 mineral licences issued in the same areas.
Antimony is used in flame retardants, batteries, ammunition and solar glass. Global supply is concentrated in a few countries, and buyers are looking for new sources.
Occurrences are reported in Chitral District in Khyber Pakhtunkhwa, in several belts in Balochistan, and in Gilgit-Baltistan.
Learn more at the @pakminforum, 12 and 13 November. Register for PMIF26 at https://t.co/NYpQfZuCDM
#PMIF #PMIF2026
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Polymetallic Deposits: One Deposit, Many Metals 🪨
A single polymetallic deposit can hold copper, zinc, lead, silver and gold in the same body of rock. Between them, they go into buildings, power cables, galvanized steel, car batteries, electronics and solar panels.
The same ore also carries smaller amounts of metals such as indium, used in touchscreens, which are recovered as by-products when zinc, lead and copper are processed.
Source: U.S. Geological Survey deposit models and Mineral Commodity Summaries 2026.
#Mining #Polymetallic #Silver #Zinc #Copper #Geology
How Has the World's Use of Gold Changed Since 2010?
Global gold demand is evolving, and the numbers tell an interesting story.
According to World Gold Council data, investment accounted for 44% of global gold demand in 2025, compared with 39% in 2010. Meanwhile, jewellery's share shifted from 49% to 33%, as central bank purchases became an increasingly significant component of global demand.
From investment portfolios and central bank reserves to advanced electronics and emerging technologies, gold's importance extends well beyond its traditional uses.
At Galiano Gold, these evolving market dynamics reinforce our focus on disciplined execution, strengthening operational performance and advancing long-term growth opportunities at the Asanko Gold Mine in Ghana.
Our priorities remain clear: strengthen cash flow generation, grow Mineral Resources and Mineral Reserves, extend mine life and create sustainable value for shareholders.
The world's use of gold continues to evolve. Our commitment to responsible gold production remains unchanged.
Explore how global gold demand has shifted since 2010: (
https://t.co/cH3EOIO4Yb )
#GalianoGold #AsankoGoldMine #GoldMining #GoldMarkets #ResponsibleMining
GOLD USE CASES
Gold has four main uses: investment in bars, coins and funds, jewellery, central bank reserves, and technology such as chips, telescope mirrors and medical tests. 🪙
In 2025, investment took the largest share of the gold bought, 44%. Jewellery took 33%, central bank reserves 17% and technology 6%. In 2010, jewellery was the largest use.
Some uses need very little gold. The primary mirror of the James Webb Space Telescope carries about 48 grams. 🔭