As the Independent Authority for Precious Metals, LBMA maintains the highest standards for responsible sourcing. We, therefore, take very seriously allegations relating to The Perth Mint.
The Incident Review Process (IRP) has been invoked to review the current circumstances. This is a high priority, as any incident or issues that may impact the credibility of the Good Delivery List and the wholesale precious metals market are treated very seriously. At this point, it is difficult to commit to a timeline, given that the process involves numerous stakeholders.
Further updates will be provided in due course.
Currently The Perth Mint remains on the Good Delivery List. The Perth Mint has made the following statement: https://www.perthmint.com/news/media-announcements/corporate/response-to-abc-tv-allegations/
Background
The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by 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.