World Gold Council has released a report where it highlights the role of its members, many of the world’s most forward-thinking gold mining companies, in contributing to socio-economic development in the countries and communities where they operate. Collectively, WGC member companies contributed$37.9bn to the GDP of the countries where they operate in the form of taxes, salaries and payments to suppliers. This represented 63% of the total revenue they received from gold sales and equates to almost US$1,100 in value added locally for every ounce of gold produced.
World Gold Council Members contributed $38bn to local economies in 2020
