SigraFi lands $35M credit facility to finance artisanal gold supply
What's the deal? SigraFiDealroom has a profile for this one. Try Dealroom →, a UK-headquartered gold offtake company, has secured a US$35 million credit facility to finance gold supply. The facility comes from a consortium of British and UAE investors led by UAE-based Ronin Commercial Brokers LLC, and is available for immediate drawdown.
What's the endgame? Founded in 2025, SigraFi buys gold under multi-year contracts from organised artisanal and small-scale gold mining (ASGM) cooperatives and aggregators. The new capital funds expansion with contracted suppliers in the Democratic Republic of the Congo (DRC), Zambia, and South America, and lets it sign new cooperatives.
Why now? The facility follows a long-term supply and capital partnership SigraFi signed this year with PeaceGoldDealroom has a profile for this one. Try Dealroom →, which works with 11 cooperatives representing about 25,000 miners in Ituri Province in the eastern DRC. Under the deal, PeaceGold acts as aggregator and export partner, while SigraFi provides guaranteed offtake agreements at competitive pricing.
SigraFi is chaired by City veteran Stefan Allesch-Taylor. Its advisory board includes Ibukun Adebayo, formerly Global Head of Sustainable Finance and Investment Strategy at London Stock Exchange Group, and John Howchin, a board member of the United Nations-convened Global Tailings Management InstituteDealroom has a profile for this one. Try Dealroom →.
The context: ASGM already accounts for at least 20% of newly mined gold, yet its organised producers lack the compliance capability, capital, and export corridors that serve the rest of the industry. Global mined gold production is likely to plateau over the next few years, according to the World Gold CouncilDealroom has a profile for this one. Try Dealroom →. SigraFi was founded to close this "Golden Gap."
What could go wrong? Artisanal gold carries traceability and compliance risks that have kept mainstream capital away. "Artisanal gold has long been seen as too opaque for serious capital," said Ronin principal Gerges Raphael, who argued SigraFi "has changed that equation."
The signal: With formal gold supply flattening and refiners seeking traceable sources, investors are testing whether a historically informal segment can be financed at scale. "We have moved fast because the demand is there on both sides," said Allesch-Taylor, "cooperatives want a legitimate route to market, and refiners want traceable supply."
Read more: pigeons.news
Image credit: Generated with Gemini
