EITI Guinea: reconciliation in figures

01 Key figures

02 What the EITI is

The EITI is the international initiative that requires extractive countries to publish what companies pay and what the state receives — so both columns can be compared. Guinea has been a member since 2007 (EITI).

Guinea underwent its third validation under the 2023 EITI Standard: the 2026 validation report assesses implementation from November 2021 to December 2025, with revenue data assessed from 2022 (eiti.org, Guinea 2026 Validation Report). Results were reviewed by the ITIE-Guinea Steering Committee on 21 May 2026 (itie-guinee.org).

03 What EITI Guinea produces

• Reconciliation reports: they cross-check payments declared by mining companies against revenues received by the state — the tool that reveals gaps. The EITI 2023 Report (FY2023) is published (eiti.org, document 24265; itie-guinee.org).
• Periodic validation: Guinea has undergone four validations; the first classified it as a 'non-compliant country' (fronteco.net, 07/07/2026).
• Report publication: the 2021-2022 reconciliation reports were scored 85/100 — Guinea remains a compliant country, with an inherent ~2-year lag between the fiscal year and publication (this site's method, freshness pyramid).
• Hosting of official data: itie-guinee.org is where the Ministry of Mines publishes the Mining Statistics Bulletin (MMG N°30, year 2025 — this site's main source).

04 The link with the gaps

EITI reconciliation is the tool that allows gaps between official figures and the market to be investigated — exactly what this site documents:

• SMD sells its gold at USD 706/oz (2025) vs a USD 2,905.80/oz average: EITI reconciliation is the verification path cited in gap sheet N°1 →
• CBG listed as 'N/A (convention)': EITI presented the 2022-2023 reports at CBG (Guinéenews, 02/02/2026) — gap sheet N°2 →
• The FARI model (ITIE Guinea, June 2025): the 26-year fiscal analysis of Simandou behind the sovereign fund projections →

05 Where to find the data

• itie-guinee.org: reconciliation reports, validation report, and the Ministry of Mines MMG Bulletin.
• eiti.org: country reports, international validation reports (Guinea 2026 Validation Report).
• This site: MMG N°30 data crossed with market prices, every figure dated and sourced.

06 What we know / what we don't know

• We know: membership since 2007 · the third validation (2026 report) · the published 2023 reconciliation report · the 85/100 score of the 2021-2022 reports · the role of reconciliation in verifying gaps.
• We don't know: the detailed conclusion of the 2026 validation (not extracted as of 01/09/2026) · the 2024-2025 reconciliation reports (not yet published) · details of certain agreements (not public).

07 Related