LBMA add ‘Point Gold’ to Silver Good Delivery List

LBMA announced on December 8, 2022 Extract below:

TThe silver refinery of Shenzhen Point Gold Refining Co. Ltd (Point Gold) has been added to LBMA’s Good Delivery List for silver with effect from 8 December 2022.

Point Gold has satisfied LBMA as to its ownership, history, production capability, and financial standing. It has also passed LBMA’s exhaustive testing procedures, under which its silver bars were examined and assayed by independent referees, and its own assaying capabilities were tested.

Point Gold is located in Shenzhen City, China. Its source of feedstock is primarily from repurchased jewelry. Its refined silver output is in the form of ingots.

Background

The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The List now includes 64 gold and 78 silver refiners.

About the London Bullion Market Association

LBMA is the world’s independent authority for precious metals and standards setter that upholds trust in the precious metals market. Our mission is to ensure the highest levels of leadership, integrity and transparency for the global precious metals industry by setting standards and developing market services. LBMA standards cover the purity, form and provenance of the metal, as well as business conduct. LBMA’s membership incorporates approximately 150 firms, including traders, refiners, producers, fabricators, as well as those providing storage and secure carrier services.

For further information please contact gdl@lbma.org.uk.