At convergent margins fluids liberated from subducting slabs metasomatise the overlying mantle wedge, enriching it in volatiles, incompatible elements and possibly ore-forming metals. Despite the genetic link between this process, the genesis of arc magmas, and formation of porphyry Cu–Au deposits, there is currently little understanding of the behaviour of chalcophile and siderophile elements during subduction-related mantle metasomatism. In this study, we report sulfur isotopic compositions and PGE concentrations of sulfides in a suite of garnet peridotites from the Western Gneiss Region of Norway, sampling mantle wedge from ∼100 to ∼250 km depth. Sulfides hosted in metasomatised samples have δ34S deviated from typical mantle values, ranging between −10.0 and +5.4‰, indicating derivation of sulfur from subducted crust. Sulfides in pervasively metasomatised samples have atypical PGE signatures, with strong enrichment in Os and Ru relative to Ir, whereas channelised fluid flow produced sulfides extremely enriched in Pd, up to 700 times the concentration found in non-metasomatised samples. These signatures are reconcilable with a high oxidation state of the metasomatising agents and demonstrate that subduction can recycle chalcophile and siderophile elements into and within the mantle, along with sulfur. We further show that because the solubility of Os and Ru in fluids is redox sensitive, and Pd is more soluble than the I-PGE, ratios such as Os/Ir, Ru/Ir plotted against Pd/Ir can be used to trace the metasomatic oxidation of mantle samples, mantle-derived magmas and porphyry Cu±Au deposits. This geochemical insight is used to show that Au-rich porphyry Cu deposits are derived from more oxidised mantle wedge than Au-poor porphyry deposits.