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.

  • Measured Resources: These are the most reliable resources and are tokenized at 80%, meaning one troy ounce of measured resources is equal to 0.80 of a one troy ounce equivalent NatGold Token.
  • Indicated Resources: These resources are less certain than measured resources, resulting in a 40% representation—each troy ounce of indicated gold resources equals 0.40 of a one troy ounce NatGold Token.
  • Inferred Resources: Being the least certain, inferred resources are tokenized at 20%, with one troy ounce of inferred gold resources equaling 0.20 of a one troy ounce NatGold Token.

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