Gold sourcing · Uganda · International buyers
Uganda Gold Report is being developed as a direct gold sourcing and trading business. The intended model: buy gold from legitimate, verified Ugandan sources and sell it to qualified international buyers as principal, once we hold every Ugandan permission that requires. We hold none today, and no gold is on offer.
Establishment stage: we hold no licence, stock or verified supply route yet. Where we are
Gold
Each form is described by fineness, format and assay. No lots are listed: we hold no stock during our establishment stage, and each requirement is reviewed against a written specification.
Priority product
1 kg kilobarOther formats on specification
Refined bars normally carry the refiner's mark, weight, fineness and serial number. The copy of Uganda's 2024 export regulations we reviewed states a 99.9% minimum for gold exports; we have not confirmed that it is currently in force. No Ugandan refinery is on the LBMA Good Delivery List, so bars are assayed by the buying refinery on arrival.
Refined gold barsRequest a quoteManufacturing
Casting grain999.9On specification
Refined granules and casting grain for jewellery and industrial manufacturers, specified by fineness and grain size. Quoted only subject to confirmed licensed supply.
Gold casting grainRequest a quoteMine product
85–90% gold typicalPriced on assayMine-poured bars
Valued on its assayed gold content against the LBMA price. The copy of Uganda's 2024 export regulations we reviewed states a 99.9% minimum for gold exports, and we found no exemption for doré; the doré page sets out the evidence.
Gold doré explainedRequest a quoteRequest a gold quoteSend the form, fineness and quantity you are buying.
Specifications
The specification a quote would be written against; no supply is in place yet. Fineness is established by fire assay; the buying refinery assays on arrival, and an independent umpire decides if results differ beyond the agreed tolerance. The export-route column shows only what Uganda's law and ministry establish.
| Form | Fineness | Typical format | Assay | Export route from Uganda | Details |
|---|---|---|---|---|---|
| Refined kilobar | Stated by the buyer | 1 kg bar with refiner's mark and serial | Fire assay on arrival; umpire if results differ | Export permit (Form 52) per consignment; 2024 regulations we reviewed state a 99.9% minimum | Details → |
| Refined bars, other formats | Stated by the buyer | 100 g to 500 g; 10 oz | Fire assay | As refined kilobar | Details → |
| Doré | Typically 85–90% gold | Mine-poured bar | Melt sample; fire assay; umpire | 2024 regulations we reviewed state a 99.9% minimum; no exemption for doré found | Details → |
| Granules | 999.9 | Casting grain | Fire assay | As refined gold | Details → |
Sources: LBMA; Mining and Minerals Act 2022, s.150; DGSM Form 52; ministry guidance as reported. Evidence for each point is on the product pages.
Uganda
Uganda exports far more gold than it records mining. For a buyer, Ugandan origin has to be documented: gold mined in Uganda, refined in Uganda and only exported through Uganda are different claims, and compliance teams test which one is meant. These are national figures, not Uganda Gold Report stock or supply; they are why the origin documents of each lot matter.
Assay & documents
The three things a refiner's compliance team checks before price is discussed.
Fineness by fire assay on a sealed split sample, on arrival by the buying refinery, with an umpire named in the contract if results differ; no assay arrangement is in place yet.
How assay worksAn export permit for the consignment, a certificate of origin, and a certificate of analysis authenticated by the country of origin, with proof of levy and royalty where applicable.
Uganda's export rulesMine-level chain of custody. Our intended standard: every lot would trace to a licensed Ugandan site; no supply meeting it has been identified yet. Most gold exported through Uganda cannot meet it.
Mined versus exportedHow it works
How a purchase would proceed once our supply route is in place. Under the Act, minerals may be exported only under an export permit for each consignment. We intend to sell as principal once licensed; no supply route is in place yet.
You send the form, fineness, quantity, delivery point, timing and the documents you require.
Who you are and what you need are reviewed, together with what can lawfully be supplied.
Form, fineness and format are agreed, with an LBMA-based price and a stated differential.
Both sides are identified and screened; the export permit, certificates of origin and analysis, and chain-of-custody records are checked.
A contract fixes the Incoterm, delivery point, assay terms and the payment arrangement for that transaction.
The gold leaves Uganda under an export permit for that consignment, the buying refinery assays on arrival (an independent umpire decides if results differ beyond the agreed tolerance), and payment follows the terms of the contract.
Request a gold quoteFull process: Incoterms, assay, documents and payment
Who we serve
Private buyers and businesses worldwide, subject to identity (KYC/AML), sanctions, export and import requirements. Both sides are identified before any contract. Enquiries are subject to appropriate verification and sanctions screening (UK, EU, UN and US lists) before any commercial engagement; until we have taken UK sanctions legal advice, we do not accept enquiries involving Russia or Belarus, and we do not accept gold of Russian origin.
Buyer resources
Specifications, documents and checks, sourced and dated, in the order a buyer needs them.
Company
Uganda Gold Report is being developed as a direct gold sourcing and trading business for private and professional buyers worldwide. We intend to buy and sell as principal, with legal title and authority to sell established for each lot, once we hold the permissions Ugandan law requires. Any licence will be published with its number.
Quotes
Buying: tell us the gold form, fineness, quantity and destination you are working to, and we will tell you plainly what is and isn't possible. Selling: we do not buy gold today. An enquiry does not create an offer, stock confirmation or promise of fulfilment.
Each statement is labelled by the strength of its evidence and dated. How we label evidence.
| Statement | Evidence | Source | Checked |
|---|---|---|---|
| Uganda recorded gold exports of about 62 tonnes, worth about USD 6.4 billion, in 2025, according to UN experts citing Bank of Uganda data. | Official | UN Group of Experts on the DRC, final report S/2026/466, para. 212 | |
| Recorded gold production was 14.96 kg in FY2020/21 and 15 kg in FY2021/22 (Uganda EITI); the energy ministry's figure for calendar 2022 is about 4.2 kg (UBOS). | Official | Uganda EITI reports FY2020/21 and FY2021/22; UBOS Statistical Abstract 2024, Table 3.1 | |
| The UAE, Hong Kong and India are the main recorded destinations of gold from Uganda in trade statistics to 2024; on Uganda's own 2025 figures, the UAE and Hong Kong. | Verified | UN Comtrade partner (mirror) data, HS 7108, queried 13–14 Sep 2026 | |
| Gold doré is normally of 85–90% purity; fully refined gold is 99.5% or better. | Verified | LBMA Responsible Gold Guidance v9, Definitions | |
| No Ugandan refinery appears on LBMA's Good Delivery List for gold. | Official | LBMA Good Delivery List, gold, checked 13 Sep 2026 | |
| UN experts judged Uganda's 2025 gold exports largely attributable to gold of DRC origin, with declared import origins not corroborated by trade data. | Official | UN Group of Experts on the DRC, final report S/2026/466 | |
| The Wagagai gold mine in Busia was commissioned in August 2025, with on-site refining to 99.9%. | Official | Uganda Investment Authority; DGSM | |
| Refined gold is traded as large Good Delivery bars (350–430 fine troy ounces under LBMA rules) and as kilobars and smaller bars and grain produced to order; fineness is expressed in parts per thousand (999.9, 999.0, 995.0). | Verified | LBMA Good Delivery List Rules 2026; LBMA definitions | |
| Export requires a permit for each consignment; the permit does not exempt the exporter from other requirements, including a certificate of analysis authenticated by the country of origin and a certificate of origin where applicable (s.150). The Act itself sets no purity figure for exports; refiners export at purity levels prescribed by regulations (s.130(b)). | Verified | Mining and Minerals Act 2022 (Uganda), assented copy, ss.130 and 150 | |
| DGSM: each export consignment needs an export permit (Form 52); its export-permit requirements list a valid mineral dealer's licence or mineral right. | Official | DGSM, How to obtain a mineral trading licence; DGSM licensing procedures (Jul 2024) | |
| Ministry guidelines of 21 Dec 2024 require exporters to show proof that gold has been refined to a purity of 99.9% and that the USD 200/kg levy has been paid. The underlying regulation (reported as S.I. 30 of 2024) has not been read. | Reported | The Independent (Uganda), 21 Dec 2024; press reports of the 2024 regulations (ChimpReports, 6 Jun 2024) | |
| LBMA Good Delivery refiners assay by corrected fire assay across 995.0–999.9; published refining contracts settle on assay with an independent umpire where results differ. | Verified | LBMA Good Delivery List Rules 2026; SEC EDGAR refining contracts | |
| Refining contracts filed publicly provide for payment after receipt and assay; buyers' published onboarding rules require supplier KYC, beneficial owners, licences, origin and export documents. | Verified | SEC EDGAR refining agreements; LBMA Responsible Gold Guidance; UAE Ministerial Decree No. 68 of 2024; refiners' published supplier requirements |