For frequently asked questions

How to select a precious metals refiner

To insure that your relationship with a precious metals refiner will be mutually profitable and based upon trust and fair treatment, you must address several key questions. Perhaps this checklist will help:

Select a refiner that uses state-of-the-art techniques and equipment

Select a refiner that has a long and successful history and good reputation within the industry

Discuss the refiner’s performance and policies with their customers

Request appropriate reference material including environmental regulation documentation

Request the final destination for effluent leaving processing plant

Determine whether the refiner has the financial resources to pay you in a timely manner

Select a refiner that has full in-house capabilities – without use of outside sub-contractors which might affect your returns in values and timeliness

Ask your refiner for detailed weight and analysis reports on your shipment

Ask your refiner if sample materials are assayed in triplicate

Ask your refiner if you are allowed to be present during sampling of your materials – and whether you can conduct your own independent analysis if desired

How are Legal/Environmental Problems Avoided When Selecting a Refiner?

The precious metals refining industry does not enjoy an especially sterling reputation with regard to environmental re-sponsibility. When selecting a refiner, be aware not only of how your materials will be processed, but those of the refiner’s other customers as well. Determine how any solid, liquid, or gaseous by-product is handled at the facility.

Requesting documentation also may help you determine that the refiner you select does not violate any applicable environmental law or regulation. The Comprehensive Envi-ronmental Response, Compensation and Liability Act (CERCLA), also known as the Superfund Act, addresses the joint customer/refiner responsibility. This law mandates that both the company which is the source of the material for precious metal recovery and the precious metal refiner share in the "cradle to grave" responsibility as well as the future liability for the proper treatment of the material. Essentially, the environment must be protected to avoid serious financial and legal consequences: your refiner's violation of these laws or regulations could result in heavy fines and legal costs to you.

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