NatGold Digital Tools
NatGold Token Calculator
NatGold Digital’s standard tokenization ratios are embedded within a smart contract and are integral to our patent-pending digital mining model. When measured, indicated, and inferred resources are entered, the calculator applies these ratios to determine the number of NatGold Tokens that can be digitally minted from the deposit. These ratios reflect the varying levels of geological confidence in each type of resource: measured resources are allocated more tokens than indicated resources, and indicated resources more than inferred resources.
This standardized approach ensures transparency and consistency in the conversion process, guaranteeing the uniform and homogenous nature of every NatGold Token minted, so that anyone can understand exactly how the amount of NatGold Tokens is determined from any given gold deposit.
NatGold Baseline Intrinsic Value
When assessing the value of NatGold Tokens, three primary factors are considered: the baseline intrinsic NatGold value, along with the potential for substantial ESG and non-dilutive investment premiums. This tool focuses on the intrinsic baseline—providing the foundational starting point for valuing a one-troy-ounce NatGold Token.
NatGold Digital’s baseline intrinsic value is calculated using a straightforward, data-driven method. By leveraging public industry data and established standards, NatGold Digital compares the weighted global average cost of producing an ounce of gold—known as the All-In Sustaining Cost (AISC)—with the current live market price of gold.
The AISC, originally developed by the World Gold Council, reflects the cost of mining, refining, marketing, and storing a troy ounce of gold. Reported quarterly by publicly traded gold producers, it serves as a critical benchmark that reveals per-ounce production costs on a company-by-company basis. This metric is relied upon by investment analysts, Wall Street firms, and mining financiers as a key indicator of cost efficiency across the gold industry.
While the World Gold Council publishes a global weighted average AISC four times per year, NatGold Digital’s Real-Time AISC Index goes further by providing continuously updated, real-time cost data. This real-time weighted global average AISC for a broad range of gold producers allows for a more current and precise calculation of the NatGold Baseline Intrinsic Value, ensuring investors have access to timely, reliable cost-side data.
By subtracting the NatGold Real-Time AISC Index value from the live COMEX gold price, NatGold Digital establishes the NatGold Baseline Intrinsic Value. This figure reflects gold’s weighted global average intrinsic profitability before extraction—effectively establishing a baseline value for the same ounce of gold left securely vaulted in nature, without the high environmental, social, and financial costs associated with traditional mining.
NatGold Baseline Intrinsic Value = COMEX Spot Gold Price — NatGold Real-Time AISC IndexTM
Because NatGold Tokens represent Certified NatGold Resources left securely in the ground, the baseline intrinsic value serves as a logical foundation for their valuation. Additionally, the potential ESG and non-dilutive premiums may significantly enhance the price of NatGold Tokens beyond this baseline.
NatGold Real-Time AISC IndexTM
The All-In Sustaining Cost (AISC), originally developed by the World Gold Council, represents the average per-ounce cost of mining, refining, marketing, and storing gold. It serves as a widely recognized benchmark for assessing production costs across the gold mining industry. While the World Gold Council publishes a quarterly global weighted average AISC four times per year, the production and AISC data from publicly traded gold producers is released at various times throughout each quarter.
This staggered reporting creates an opportunity for real-time updates. NatGold Digital has developed the first real-time weighted global AISC Index, which continuously integrates the latest company-reported production and cost figures. This enables more accurate and timely calculation of the NatGold Baseline Intrinsic Value, ensuring the most up-to-date cost-side data informs the market pricing for NatGold Tokens.
Below, you’ll find the complete NatGold Real-Time AISC Index, listing each component company, their latest quarterly gold production, AISC data, and the overall real-time weighted global AISC average—updated whenever a component company reports or revises its quarterly figures.
Company | Quarter | Report Date | Ounces | AISC |
---|---|---|---|---|
Newmont Corporation | Q4 2024 | 2025-02-20 | 1,899,000 | 1,463 |
Barrick Gold Corporation | Q4 2024 | 2025-02-12 | 1,080,000 | 1,451 |
Agnico Eagle Mines Limited | Q4 2024 | 2025-02-13 | 847,401 | 1,316 |
AngloGold Ashanti Plc | Q4 2024 | 2025-02-19 | 750,000 | 1,647 |
Gold Fields Limited | Q4 2024 | 2025-02-20 | 644,000 | 1,410 |
Kinross Gold Corporation | Q4 2024 | 2025-02-12 | 501,209 | 1,510 |
Harmony Gold Mining Company Limited | Q3 2024 | 2024-11-11 | 422,172 | 1,667 |
Northern Star Resources Ltd | Q4 2024 | 2025-01-21 | 410,000 | 1,391 |
Endeavour Mining Plc | Q4 2024 | 2025-01-30 | 363,000 | 1,140 |
Sibanye Stillwater Limited | Q4 2024 | 2025-02-21 | 360,474 | 2,175 |
Pan American Silver Corp. | Q4 2024 | 2025-02-19 | 224,200 | 1,521 |
Mineros S.A. | Q4 2024 | 2025-02-14 | 213,245 | 1,775 |
Equinox Gold Corp. | Q4 2024 | 2025-02-19 | 213,000 | 1,652 |
B2Gold Corp. | Q4 2024 | 2025-02-19 | 186,001 | 1,668 |
IAMGOLD Corporation | Q4 2024 | 2025-02-20 | 177,000 | 1,949 |
Eldorado Gold Corporation | Q4 2024 | 2025-02-20 | 155,668 | 1,226 |
OceanaGold Corporation | Q4 2024 | 2025-02-19 | 150,900 | 1,563 |
Alamos Gold Inc. | Q4 2024 | 2025-02-19 | 140,200 | 1,333 |
Lundin Gold Inc. | Q4 2024 | 2025-02-20 | 135,241 | 879 |
Perseus Mining Limited | Q4 2024 | 2025-01-29 | 132,419 | 1,127 |
SSR Mining Inc. | Q4 2024 | 2025-02-18 | 124,154 | 1,857 |
Fortuna Mining Corp. | Q4 2024 | 2025-03-05 | 116,358 | 1,772 |
Torex Gold Resources Inc. | Q4 2024 | 2025-02-19 | 108,647 | 1,085 |
Regis Resources Ltd. | Q4 2024 | 2025-01-23 | 101,300 | 1,433 |
Allied Gold Corporation | Q4 2024 | 2025-02-21 | 99,632 | 1,780 |
Vault Minerals Limited | Q4 2024 | 2025-01-29 | 97,924 | 1,403 |
Gold Road Resources | Q4 2024 | 2025-01-29 | 91,631 | 1,120 |
Resolute Mining Limited | Q4 2024 | 2025-01-30 | 87,687 | 1,568 |
Westgold Resources Limited | Q4 2024 | 2025-01-23 | 80,886 | 1,672 |
New Gold Inc. | Q4 2024 | 2025-02-19 | 80,438 | 1,018 |
Calibre Mining Corp. | Q4 2024 | 2025-02-19 | 76,269 | 1,423 |
Centerra Gold Inc. | Q4 2024 | 2025-02-20 | 73,224 | 1,296 |
Dundee Precious Metals Inc. | Q4 2024 | 2025-01-13 | 70,819 | 904 |
Aura Minerals Inc. | Q4 2024 | 2024-04-11 | 68,246 | 1,292 |
Aris Mining Corpo | Q4 2024 | 2025-03-12 | 57,364 | 1,386 |
Genesis Minerals Limited | Q4 2024 | 2025-01-16 | 57,055 | 1,362 |
Wesdome Gold Mines Ltd. | Q3 2024 | 2024-06-11 | 45,109 | 1,408 |
Orla Mining Ltd. | Q3 2024 | 2024-12-11 | 43,788 | 720 |
Galiano Gold Inc. | Q3 2024 | 2024-11-07 | 29,784 | 2,161 |
Alkane Resources Ltd. | Q4 2024 | 2025-01-13 | 14,852 | 1,888 |
Weighted Average AISC | 1,482.67 |