Newmont and MKS PAMP team up to offer gold with Provenance; blockchain technology for full transparency and traceability.

In an unexpected move, gold is no longer just a commodity for specialized dealers – it's now hitting the shelves of America's largest wholesaler, as Newmont Corp. and MKS PAMP team up to bring traceable, responsibly sourced gold bars to everyday consumers, marking a bold shift in how gold is marketed and sold.

As consumer demand for ethically sourced and traceable products continues to grow, the gold industry is undergoing a transformation, with major players adapting their practices to meet these expectations and driving changes in how precious metals are sourced and brought to market.

With over 100 years of experience, Newmont has grown into the world's largest gold mining company, with a diversified portfolio of global assets that also produce copper, silver, zinc, and lead. As the only gold producer listed on the S&P 500, Newmont operates across key regions, including Africa, Australia, Latin America, North America, and Papua New Guinea, where its vast operational scale and over a century of experience have cemented its dominance in the global mining industry.

Founded by Mocatta, King, and Strauss over 60 years ago, MKS Precious Art Metals Products (PAMP) has grown to become a global leader in precious metals trading, refining, and minting. Based in Switzerland, MKS PAMP operates one of the world's most advanced refineries, known for producing highly coveted bullion products like the Lady Fortuna bars.

With expertise in the entire precious metals supply chain, MKS PAMP continues to shape the industry through its innovation in refining and minting techniques.

Following their respective histories of leadership in the gold industry, Newmont and MKS PAMP have now joined forces to offer a unique product that meets the growing demand for traceability and transparency.

This new partnership combines Newmont's extensive mining operations with MKS PAMP's expertise in refining and minting, resulting in the creation of the fully traceable one-ounce Lady of Liberty gold bar – a partnership that not only emphasizes both companies' commitment to innovation but also marks a shift in making high-quality, traceable gold more accessible to everyday consumers.

"Our joint collaboration on this project is a crucial steppingstone towards a more unified gold industry where we collectively work together to further strengthen consumer trust and uphold the integrity that drives the demand for responsibly sourced gold," said Chris Carkner, Global Head of Minting, MKS PAMP.

At the core of this partnership is Provenance, a traceability technology developed by MKS PAMP that utilizes blockchain to track gold throughout the entire supply chain. Though often associated with cryptocurrency, blockchain serves a much broader purpose in providing secure, transparent systems for asset tracking.

In this case, it creates an immutable ledger – a secure, unchangeable record that logs every transaction and movement of the gold from mining to the final consumer. Each step in the process – whether mining, refining, or minting – is transparently recorded and verified, ensuring that the gold remains pure and fully auditable.

What makes this application of blockchain particularly effective is its ability to involve every party in the supply chain, from miners and refiners to transporters and retailers, in maintaining and verifying the record.

This comprehensive participation greatly reduces the risk of fraud or counterfeiting, ensuring that each gold bar is accurately tracked and authenticated.

By offering real-time traceability, Provenance may provide consumers with unparalleled insight into the origins of their gold, reinforcing trust in the authenticity and purity of the product, and it is this innovative approach that has given Newmont the confidence to offer a product that aligns with growing consumer demand for transparency, making gold more accessible to everyday buyers.

"The opportunity for Newmont gold to be accessible, direct to consumers, is a testament to our commitment to promoting gold as a prized commodity worth pursuing and owning," said Newmont Chief Development Officer Peter Toth. "Our commitment to sustainable mining practices and sourcing transparency makes purchasing gold attainable for consumers – even while shopping for household goods."

Costco Wholesale Corp.

Consumers can now access blockchain-tracked gold through the new partnership between Newmont and MKS PAMP at Costco.

For some time now, Costco has been offering gold products from MKS PAMP, drawing in consumers interested in physical gold as an investment. It has now been confirmed by the company that the Newmont-MKS PAMP collaboration will be joining Costco's lineup, where the fully traceable 1oz Lady of Liberty gold bar will soon be available to everyday buyers.

"What a great way to know where your gold comes from! And if you're frugal like me, get 2% back with your Costco Executive Membership and another 2% back with your Costco credit card," wrote Lorna Shaw, Newmont's director of government relations, in a LinkedIn post.

The continued availability of traceable gold bars at a major retailer like Costco highlights a growing shift in the gold market. As more consumers gain direct access to responsibly sourced, fully traceable gold, it opens the door to one of the last remaining safe investment options still accessible to the average buyer.