What is the price of gold dust?

Gold dust purity ranges from 50% to 92%. Use our Precious Metal Calculator to calculate the value of the gold dust. The cost of refining is between 5-10% of the value of the gold.

Beware of scams

It is important to be be aware that there are groups of criminals operating a scam revolving around selling gold dust from Ghana. Alarmingly, this type of scam tends to go a stage further than most types of Advance Fee Fraud, and actually demands that you travel to Ghana to conduct business. Should you actually travel as suggested, then what awaits you is not going to be pleasant. A list of known scammers can be found here.

• Never travel outside your country to inspect gold dust purchases or to conduct business. There are many cases of people being robbed while doing this.

• We would suggest that you only buy gold dust CIF. That means the seller has to pay the Cost of shipment , Insurance cost of cargo and Freight cost up to destination port. This allow you to determine exactly how much gold and what quality material has been received from your seller. Find out from the assay report what quality gold dust you have received and only then make payment.

• Be open, honest, and up front about your whole buying process. This builds trust with your sellers and allows them to check you out and find out for themselves that you are for real. Be willing to give out your address, phone and fax.

• You should test the material before making a purchase of over 100 kilograms of unrefined gold with a new gold dust seller. You should pay the sellers reasonable shipping expense on the sample order. This of course is done after final assay along with the whole purchase payment.

Gold mining in West Africa

Currently West Africa is one of the fastest growing gold producing regions in the world. Gold purchasers are a driving force behind foreign and local exploration in the region, which is estimated to contain some of the largest undeveloped gold deposits in the world. Over the last ten years, numerous junior and independent gold mining exploration companies have produced significant amounts of alluvial gold dust and gold dore’ in Ghana and Mali. Liberia, Guinea, Sierra Leone and Senagal are moving into the gold mining industry as well. Good geology, modernization of mining codes, technological improvements, and government support in the region have created a boon for alluvial gold dust and gold dore’ buyers.

Ghana

Despite the amount of past exploration,Ghana has one of the largest and richest reserves of gold in the world. There are six major gold belts these are Kibi- Winneba, Ashanti Sefwi, Bui, Bole- Nangodi and the Lawra belt.

Since colonial times most of the best mining properties have been granted to large foreign owned mining companies, and this policy has continued even after independence. There are also many small artisanal mines operated by local miners called galamseys. They often operate illegally, but are unofficially tolerated by the government partly because the work provides employment and partly because there is a widespread feeling that the country gets a poor deal from the big multinational mining companies.

Despite producing over two million ounces of gold per annum there is no refinery in the country and the bullion is exported for final refining.

Currently, Ghana, the second largest gold producer in Africa and the 10th in the world, produces some 2.9 million ounces of gold per year, approximately four percent of global production. Ghana gold reserves will not last beyond 2061.

Mine	Years left
Damang	14
Tarkwa	40
Obuasi	35
Ahafo	20
Iduapreim	12
Akyem	40
Prestea/Bogoso	20

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