Illuminating the dark underbelly of gold mining with Terry Heymann

Gold shines brighter than ever with a record-breaking 37 price highs this year solidifying it as a safe haven in uncertain times.

Artisanal and Small-Scale Gold Mining (ASGM) produces 20% of the world’s gold but employs 80% of gold miners – an estimated 10-15 million people, often in low-income countries.

However, 30-35% of ASGM miners are children, and the sector is riddled with black market criminality – financing terrorism, war, and organised crime.

Today we take a closer look at human rights and ESG in the value chain, and the important work being done to pinpoint the problem and clean up gold’s act.

Terry Heymann, CFO and ESG Lead at the World Gold Council (WGC), joins host Rose Mary Petrass, senior journalist at FS Sustainability.

Some of the initiatives discussed in this episode include the industry-wide Consolidated Mining Standards Initiative and WGC’s Gold Bar Integrity database.

This podcast uses the following third-party services for analysis:

OP3 - https://op3.dev/privacy