ADDED
As of November 24, 2025, SPDR Gold MiniShares Trust had 285,750,000 shares outstanding.
ICE BENCHMARK ADMINISTRATION IS A TRADEMARK OF IBA AND/OR ITS AFFILIATES.
The Funds The Trust has one operational Fund, SPDR Gold MiniShares Trust ( GLDM ), as of September 30, 2025.
The accompanying financial statements relate to the Trust and GLDM.
The largest portion of gold supplied to the market is from mine production, which averaged approximately 3,601 tonnes per year from 2020 through 2024.
Recycled gold averaged approximately 1,233 tonnes annually between 2020 through 2024.
Sources of Gold Demand Based on data from Gold Focus 2025 , gold demand averaged 4,266 tonnes per year between 2020 and 2024.
The largest source of demand comes from jewelry fabrication, which accounted for approximately 47% of the identifiable demand from 2020 through 2024 followed by net physical investment, which represents identifiable investment demand, which accounted for approximately 27% of the demand.
Between 2020 and 2024, according to Gold Focus 2025 , central bank purchases averaged 784 tonnes.
Unless the Trust specifies the bars of gold bullion to be debited from GLDM's allocated account, the Custodians are entitled to select the gold bullion bars Exclusion of Liability ICBC will use reasonable care in the performance of its duties under the ICBC Custody Agreements and is only responsible for any loss or damage suffered by GLDM as a direct result of any negligence, fraud, or willful default on the part of ICBC in the performance of the duties under the ICBC Custody Agreements.
REMOVED
As of November 22, 2024, SPDR Gold MiniShares Trust had 173,850,000 shares outstanding.
ICE BENCHMARK ADMINSTRATION IS A TRADEMARK OF IBA AND/OR ITS AFFILIATES.
The Funds The Trust has established six separate Funds of which one is operational at September 30, 2024.
The accompanying financial statements relate to the Trust and the SPDR Gold MiniShares Trust ( GLDM ).
The largest portion of gold supplied to the market is from mine production, which averaged approximately 3,588 tonnes per year from 2019 through 2023.
Recycled gold averaged approximately 1,217 tonnes annually between 2019 through 2023.
Sources of Gold Demand Based on data from Gold Focus 2024 , gold demand averaged 4,103 tonnes per year between 2019 and 2023.
The largest source of demand comes from jewelry fabrication, which accounted for approximately 49% of the identifiable demand from 2019 through 2023 followed by net physical investment, which represents identifiable investment demand, which accounted for approximately 26% of the demand.
Between 2019 and 2023, according to Gold Focus 2024 , central bank purchases averaged 684 tonnes.
Suspension or Rejection of Redemption Orders GLDM may, in its discretion, and will when directed by the Sponsor, suspend the right of redemption, or postpone the redemption settlement date for: (1) any period during which NYSE Arca is closed other than customary weekend or holiday closings, or trading on NYSE Arca is suspended or restricted, (2) any period during which an emergency exists as a result of which delivery, disposal or evaluation of gold bullion is not reasonably practicable, or (3) such other period as the Sponsor determines to be necessary for the protection of the shareholders.