WGC members contributed $57bn to host economies in 2022

World Gold Council (WGC) member companies directly contributed $57-billion to host economies in 2022, as well as $570-million to local communities and indigenous groups in 34 countries, which shows that gold mining can contribute greatly to socioeconomic development, the industry body says. Notably, the local community contributions grew by $118-million compared with 2021, on the back of revenue growing by $3.9-billion across WGC members globally in the year.