One reference price, shown in the open.
We price gold from one reference price that follows the world gold price. It comes from a spot price feed, and this page always shows the current figure.
How the reference price works
Where the price comes from and how it is used.
A spot price feed
The reference price follows the international gold spot price. We refresh it from a spot price feed, and if the figure is more than 15 minutes old we say so.
Margin, fees and royalty
When AfriMineX Trading starts buying from groups with the pilot, it will pay the reference price for the fine gold, less a stated margin and fees. The 3% royalty is paid at the Department's cash office before the export permit is issued.
One price for both sides
Buyers' prices start from the same reference price, so both sides of a sale work from one figure.
Where you fit in
Four kinds of account, one shared record.
Mining groups
Register with your mining permit. Your price follows your assay and the world gold price.
Sell goldStarting with gold
Gold is the first mineral on AfriMineX. The same reference pricing and numbered records can carry other minerals later, and we will say so here when that happens.