November 22, 2018

New Addition to the Silver Good Delivery List

Guangdong Jinye Precious Metals Co., Ltd added to the LBMA's Silver Good Delivery List

The silver refinery of Guangdong Jinye Precious Metals Co., Ltd (Jinye) of China has been added to the LBMA’s Good Delivery List for silver with effect from 22 November 2018.

Jinye 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.

Jinye is located in Guangdong Province, China. Its primary sources of feedstock are industrial by-products and jewellery scrap. 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 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 69 gold and 84 silver refiners.