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Ohio Precious Metals, LLC - added to the LBMA’s Silver Good Delivery List

Friday, May 23, 2014

The precious metals refinery of Ohio Precious Metals, LLC (OPM) of United States of America has been added to the LBMA’s Good Delivery List for silver with effect from 23rd May, 2014.

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

OPM is located in Jackson, Ohio. Its primary sources of silver feedstock include jewellery scrap, dishoarded bars and semi-refined bullion. OPM’s refined silver output is mainly in the form of investment bars and coins.

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 70 gold and 78 silver refiners.

About the London Bullion Market Association
The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities. 
  

For further information please contact Ruth Crowell, Chief Executive, via email to ruth.crowell@lbma.org.uk

Press Release
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