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Torgny Persson: The world's largest precious metals refineries

Section: Daily Dispatches

The World's largest Precious Metals Refineries

By Torgny Persson, Singapore
Friday, August 19, 2016

There are many precious metals refineries throughout the world, some local to their domestic markets and some international, even global in scale. Many but by no means all of these refineries are on the good delivery lists of gold or silver. These lists are maintained by the London Bullion Market Association and they identify accredited refineries of large (wholesale) gold and silver bars that continue to meet rigorous proficient standards of refining and assaying, and that are, at the same time, financial viable and stable companies.

Currently there are 71 refiners on the LBMA’s gold good delivery list and 81 refiners on its silver good delivery list, of which just over 50 of these refineries are accredited to both the LBMA's gold and silver lists.

But within the top echelons of the world's precious metals refineries, a number of names stand out due to their sheer scale and pedigree, as well as their global brand recognition in the production of a wide range of investment-grade gold and silver bullion bars. These names include PAMP, Argor-Heraeus, Metalor Technologies, Heraeus, Valcambi, Tanaka Kikinzoku Kogyo, and Rand Refinery. ...

... For the remainder of the commentary:


Vanity Signs Option Agreement With Iamgold
to Purchase the Porcupine East Block

Company Announcement
August 19, 2016

VANCOUVER, British Columbia, Canada -- Vanity Capital Inc. (TSX VENTURE: VYC) has entered an option agreement with Iamgold Corp. providing for an option to acquire a 100-percent interest in Iamgold's Porcupine Property in the Duparquet Township area of Quebec.

The option is exercisable by Vanity spending a minimum of $1.5 million on expenditures for exploration, which isto include the completion of a minimum 5,000 metres of diamond drilling on the property, within 24 months of the option. The option is also subject to Vanity's entering into an agreement to acquire an interest in an adjacent property. Upon Vanity's vesting its interest, Iamgold would retain a 2 percent net smelter royalty.

The option also provides Vanity with the right to renegotiate a pre-existing net smelter royalty of 3 percent held by certain third parties. ...

... For the remainder of the announcement:

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