Key Messages

• Artisanal and small-scale gold miners in remote areas of Colombia are willing to try formalization (obtaining a legal title to extract gold). However, they perceive costs can hinder the adoption of this formalization
• Bundles of preferences about benefits and costs of formalization are not uniform across commodities and depend upon previous experience with formalization and the strength of social capital formation.
• Gender seems to play an effect on preferences, but this impact is not consistent across the communities studied