Early Adopters of aXedras' GBI Platform

Early Adopters of the GBI Platform: Several Mining Organizations Embrace aXedras' Platform for Enhanced Trust in Gold Supply Chain

In a significant step towards fostering transparency and trust in the gold supply chain, seven pioneering mining organizations are adopting aXedras' platform, the Bullion Integrity Ledger™. This milestone underscores the growing commitment within the precious metals industry to leverage advanced technology in support of the Gold Bar Integrity (GBI) initiative: increasing trust in gold as an asset by digitizing efforts around responsible sourcing, from the mine to the investor.

aXedras is committed to offering its platform in an interoperable and agnostic manner to the entire precious metals industry, for the greater good of the industry as a whole.

Early Adopters Leading the Way

The seven early adopters of aXedras' GBI platform represent a diverse array of mining organizations dedicated to upholding the highest standards of integrity and transparency in their operations. At this stage, these forward-thinking companies include (in alphabetical order): Agnico Eagle Mines Ltd, Alamos Gold Inc, B2Gold Corp, Barrick Gold Corp, Eldorado Gold Corp, Endeavour Mining, Sibanye-Stillwater Ltd

Each of these organizations has recognized the critical role that the GBI platform plays in creating a trusted and transparent gold supply chain, and they are leading the way in setting new industry benchmarks:

Why They Chose aXedras

The decision to adopt a GBI platform empowered by aXedras was driven by several key factors, as highlighted by testimonials from some of these early adopters:

• Agnico Eagle Mines Ltd: "As a global gold mining organization, ensuring transparency and establishing trust is crucial in the continued journey with our communities and Indigenous partners. Working alongside our supply chain partners, the GBI platform allows us to provide increased confidence and visibility into the origin of our gold, reinforcing our dedication to maintaining the highest standards of responsibility and sustainability”, says Ben Lam, VP Treasury, Agnico Eagle Mines Ltd.

  
  

• B2Gold Corp: "Being the first step in the global journey of gold, we have a duty to uphold the highest standards. The GBI platform enables us to provide verifiable proof of responsible sourcing, which is vital for our reputation and stakeholder trust."

  
  

• Eldorado Gold Corp: "Integrity is fundamental to our operations as a responsible mining company. The GBI platform is an important tool to further that trust in our supply chain by enhancing our ability to track gold from the mine site and reinforcing our credibility with partners and customers" – George Burns, President & CEO, Eldorado Gold

  
  

• Endeavour Mining: "In today's market, responsible sourcing is not just an option but a necessity. The GBI platform provides us with the tools to ensure our gold's journey begins with transparency and integrity, which is essential for our industry’s long-term success."

  
  

• Sibanye-Stillwater Ltd: "As a company committed to responsible mineral value chains that create superior value for all stakeholders, creation of the GBI platform is an important development that transparently assures the provenance of gold. It allows us to create an immutable record from the moment gold is dispatched from our operations, fostering greater trust in the entire supply chain. We applaud aXedras on their leadership in enabling practical implementation of the gold bar integrity platform," says Neal Froneman, Chief Executive Officer of Sibanye-Stillwater Ltd.

Industry Perspective: Building Trust in the Gold Supply Chain

The importance of initiatives like the GBI platform is further emphasized in an insightful article by Terry Heymann, CFO of the World Gold Council. Heymann discusses the various measures being taken by the mining industry and gold refiners to increase trust in the gold supply chain. He notes:

"This disclosure is a good start. It is an important step in strengthening trust in the gold supply chain through an increased commitment to transparency... The GBI platform creates an immutable record of what gold has left a mine site, enhancing the trust and credibility of the gold market."

Heymann's article highlights the broader industry efforts to ensure that gold is responsibly sourced and accurately tracked from mine to market. The GBI platform plays a pivotal role in this ecosystem by providing a secure and transparent way to manage and verify gold data.

Conclusion

The commitment of these seven early adopters to aXedras' GBI platform marks a milestone in the journey towards a more transparent and trustworthy gold supply chain. As more organizations join this initiative, the entire industry stands to benefit from enhanced credibility and reduced risks associated with illicit activities. This change in approach from “my company operates responsibly” to “my entire supply chain operates responsibly” is gaining traction.

aXedras offers its GBI platform to the precious metal industry to evidence the effectiveness of their measures undertaken with regards to responsible sourcing and industry standards, hereby building greater trust and confidence among all stakeholders.

For further insights into the industry's efforts to increase trust in the gold supply chain, read the full article by Terry Heymann, CFO of the World Gold Council here.

Finally, you'll find a current overview of companies using aXedras' platform as of today on our website: www.axedras.com/ecosystem

. . .

About aXedras

Founded in 2018 and headquartered in Zug, Switzerland, aXedras is an independent software solutions provider dedicated to advancing the precious metals industry through innovative digital solutions. Its primary focus is on ensuring the integrity of gold bars and other precious metals. At the core of its offerings is its GBI platform: the Bullion Integrity Ledger™️, a secure, DLT-based platform designed to digitalize global supply chains. This member-based ecosystem facilitates peer-to-peer interactions among stakeholders in the precious metals market, strengthening integrity, transparency and traceability, and confidentiality in data and business transactions. Learn more at www.axedras.com