LBMA add ‘Shenzhen Point Gold Refining Co. Ltd’ to Gold Good Delivery List

LBMA announced on 7th August 2023 Extract below:

The gold refinery of Shenzhen Point Gold Refining Co. Ltd (Point Gold) has been added to LBMA’s Good Delivery List for gold with effect from 7 August 2023.

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 gold 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 and processed gold alloy entrusted by secondary wholesalers. Its refined gold output is in the form of ingots.

Background

The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the 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 80 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, and fabricators, as well as those providing storage and secure carrier services.

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