Goldwater

What Goldwater does

Goldwater Sweden AB is a privately held Swedish-Guinean mining company that explores and extracts gold from concessions in Guinea West Africa. The company holds the SGG Balandougou Concession in the Siguiri Basin (Mandiana province), with geological assessments estimating 1.0 to 1.5 million ounces of gold in primary and secondary deposits, alongside the Karakani Hill Gold Mine on 3 km² with 40.0 Mt of combined measured and indicated ore resources. Operations are conducted through wholly-owned subsidiary Goldwater Guinee SARL, with corporate functions run from Gothenburg, Sweden.

The business model is built on open-pit gold mining using new technology and the latest mining equipment, targeting low cash operating costs to remain profitable across gold price cycles. Extracted gold is sold as a commodity directly to international precious metals buyers, commodity traders, jewelry manufacturers, and financial institutions, with pricing determined by global markets rather than internal pricing tiers. The company differentiates itself through a stated objective to be the world's first 'combined Gold and Water' company, integrating water reserve development and community service ventures alongside mineral extraction.

Goldwater serves two primary stakeholder groups: international commodity buyers seeking ethically-sourced gold supply, and local communities in Guinea where the company invests in health, education, and infrastructure as part of its social license to operate. The company is founder-owned, incorporated in Sweden (Reg. no: 556840-8339), and operates with 51-100 employees across its Swedish headquarters and Guinean operational office in Conakry.

Name

Goldwater

Legal name

Goldwater Sweden AB

Website

https://goldwater.se

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Goldwater Sweden AB is a founder-owned Swedish-Guinean mining company that conducts open-pit gold extraction from concessions in Guinea's Siguiri Basin, selling commodity gold to international precious metals buyers while pursuing an integrated gold-and-water extraction model with local community investment.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Open-pit gold mining
• Mineral extraction
• Gold commodity sales
• Mining concessions
• Mineral resource development

Headquarters

HQ city

Conakry

HQ country

Guinea

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. Gold Mining and Extraction: Primary revenue stream from extracting gold from the company's mining concessions in Guinea through open-pit mining operations. Gold is sold to the global market as a commodity.
2. Community Service Ventures: Goldwater aims to involve ventures to render service to the communities, which may include infrastructure development, water access projects, and social investment programs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Goldwater Sweden AB extracts gold from open-pit mining operations on its SGG Balandougou Concession and Karakani Hill Gold Mine in the Siguiri Basin of Guinea West Africa, with the refined strategic concept of simultaneously securing water reserves for local communities. The company sells extracted gold as a commodity to international precious metals markets and aims to develop additional mining concessions and community service ventures.

Product overview

Goldwater Sweden AB is a Swedish-Guinean mining company operating as a single unified business focused on gold extraction through open-pit mining in Guinea West Africa. The company holds concessions in the Siguiri Basin area (specifically the SGG Balandougou Concession and Karakani Hill Gold Mine) and aims to be the world's first combined Gold and Water company, integrating water reserve development alongside mineral extraction. The company operates through its Swedish parent (Goldwater Sweden AB in Gothenburg) and local subsidiary (Goldwater Guinee-S.A.R.L. in Conakry), using modern technology and mining equipment to ensure maximum yield while maintaining environmental and social responsibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold Mining Operations Open-pit gold extraction from the SGG Balandougou Concession and Karakani Hill Gold Mine in the Siguiri Basin of Guinea West Africa, with concessions in Mandiana province. Sold to international precious metals buyers and commodity markets.
• Combined Gold and Water Development Integrated mining approach that extracts gold while securing and developing water reserves for local communities in Guinea, aiming to be the world's first combined Gold and Water company.

Quantifiable outcome

• 40.0 Mt of total ore resources (20.0 Mt measured + 20.0 Mt indicated) at Karakani Hill Gold Mine
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Government of GuineacoreStrategic or Co-development PartnerThe Government of Guinea issued a gold concession in Mandiana province to SEMIG in 2009, which was transferred to Goldwater Guinee SARL in September 2010. The company maintains ongoing partnerships with government stakeholders for concession development and operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Hummingbird Resources: Hummingbird Resources operates the Yanfolila gold mine in Mali. As a smaller-scale open-pit gold miner in West Africa, it is a comparable in scale and operational profile to Goldwater at its next stage.
• AngloGold Ashanti: AngloGold Ashanti has historically operated the Siguiri mine and is one of the senior gold producers active in Guinea. It is a direct peer in the same gold belt and in the same jurisdiction.
• Perseus Mining: Perseus Mining operates the Sissingué and Yaouré gold mines in Côte d'Ivoire and Edikan in Ghana. It is a direct peer for junior-to-mid-tier West African gold mining economics and operational playbooks.
• Endeavour Mining: Endeavour Mining is a leading West Africa-focused gold producer with multiple operating mines in the region. It is a direct comparable for gold mining economics, scale, and operating model in the same geography.
• B2Gold: B2Gold operates the Fekola mine in Mali and is a major West African gold producer. It is a direct peer for open-pit gold mining operations in the West African Birimian belt.
• IAMGOLD Corporation: IAMGOLD operates the Siguiri gold mine directly in the same Siguiri Basin / Mandiana province area of Guinea. It is the closest direct operational peer in the same geological setting and is the most relevant benchmark for Goldwater's in-country operations.
• Resolute Mining: Resolute Mining operates the Syama and Mako gold mines in Mali and has West African gold mining experience. It is a direct peer in regional gold mining operations across francophone West Africa.

Broad incumbents

• Kinross Gold: Kinross Gold operates the Tasiast mine in Mauritania, making it a broad incumbent comparable in the West African gold mining space with overlapping market dynamics.
• Newmont Corporation: Newmont is one of the world's largest gold producers with operations across West Africa including Ahafo and Akyem in Ghana. It is a broad incumbent in the same gold category with overlapping regional exposure.
• Barrick Gold: Barrick Gold is a global gold major with significant West African production (Loulo-Gounkoto in Mali). It is a broad incumbent comparable in the same gold mining sector with overlapping geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Goldwater