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Guinea's gold: industrial, semi-industrial, artisanal
Three channels coexist: industrial mining (SAG, SMM, KGM…), semi-industrial, and artisanal panning — whose weight in exports is massive.
● Official — MMG N°30Live pricesUpdated 31 Oct 2026
Contents
Numbered sections — jump in or read in order
01 Key figures 2025
18,291 kg
Industrial gold produced
MMG — 19,946 kg exported
2,429 kg
Semi-industrial gold
MMG — production
49,609 kg
Artisanal gold exported
MMG — production not tracked (-)
USD 2,905.80/oz
Average sale price 2025
MMG — all channels
02 Gauge — the weight of artisanal gold
Share of artisanal gold in total gold exports
49,609 kg out of 72,120 kg total exports. Source: MMG N°30
68.8% of exported gold is artisanal — a figure that raises the question of traceability and taxation of the channel. Artisanal production itself is not yet tracked by the MMG ('-' entry).
03 Average sale prices 2025
Average sale price by gold company (USD/ounce)
Source: MMG — Table 36 of Bulletin N°30
SMD sells at USD 706/oz, far below the average (USD 2,905.80/oz): a gap worth attention in revenue control — exactly the kind of discrepancy EITI helps investigate.
04 Gold price — 3 years of market
Line — monthly gold price (USD/ounce)
Source: IndexMundi — April 2023 to March 2026. Dashed line: official 2025 average sale price (MMG).
⬇ Download the prices (iron, aluminium, gold) (CSV)
With the market price around USD 4,855/oz (March 2026), each tonne of exported gold is worth ~USD 156m. Guinea exported the equivalent of 72.1 t of gold in 2025.
05 Related
Prices & markets
The gold curve live and over 3 years, with iron ore and aluminium.
SEE PRICES →Taxes & royalties
Gold companies' contributions (social security, payroll, community development).
SEE TAXES →The SMD gap
SMD at USD 706/oz vs USD 2,905.80/oz: gap sheet N°1 documents and explains.
SEE THE GAPS →Method & freshness
How we date and source every figure.
SEE METHOD →The gold refinery
Nimba Gold Refinery and the raw gold ban: local refining takes shape.
SEE THE REFINERY →