14 public companies told the SEC they depend on Gold.

“According to the World Gold Council (WGC), total gold demand in 2025 (including over-the-counter (OTC) investment) surpassed 5,000 tonnes for the first time and saw an annual average market spot gold price of $3,431 per ounce.”

“As of December 31, 2025, approximately 75% of the Company's pawn loans were collateralized with jewelry, which is primarily gold, and 62% of its inventories consisted of jewelry, which is also primarily gold.”

“When the market price of the pledged collateral decreases and thereby increases the LTV ratio of a loan above a prescribed maximum ratio, usually 85%, the Company has the option to make a margin call on the loan.”

“During the year ended December 31, 2025, we derived approximately 90% of our revenue from precious metals (including 78% from gold and 12% from silver), 7% from copper, and 3% from other minerals.”

“A 10% change in realized gold prices would cause revenue to vary by $5.8 million.”

“Mineral reserves were estimated at long term prices of $2,000/oz Au and $23.50/oz Ag.”

“the price of gold and silver, which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection.”

“our electronic waste streams provide exposure to gold, along with silver, copper, and aluminum, which are listed in the United States Geological Survey's 2025 list of critical minerals.”

“Mineral Reserves are estimated using a 3-year trailing average gold price of $2,040/troy ounce.”

“The embedded derivative, which is not designated for hedge accounting, is marked to market through earnings each period prior to final settlement. We perform an analysis on the provisional concentrate sales to determine the potential impact to Net income (loss) attributable to Newmont stockholders for each 10% change to the average price on the provisional concentrate sales”

“The project's estimated after-tax NPV at a 5% discount rate is $5,058 million with an IRR after-tax at 10.3% using the base case gold price of $2,100 per ounce.”

“The Company's costs, as with the jewelry industry as a whole, are generally affected by fluctuations in the price and supply of natural and lab-grown diamonds, gold and, to a much lesser extent, other precious and semi-precious metals and stones.”

“The Company is primarily engaged in the operation, acquisition, exploration and development of precious metal resource properties located in Türkiye and the Americas. The Company produces gold doré as well as copper, silver, lead and zinc concentrates.”

“operating costs and capital expenditures required to start mining a deposit; the availability and cost of financing; the price of gold, which is highly volatile and cyclical; and government regulations, including regulations relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental protection.”