Gold Refining


Robert Lumabao tends to and demonstrated gold refining.

Robert Lumabao tends to and demonstrates gold refining.

Please Notice– We can not and do not refine for the public. We are a business to business refiner only! We do not process mined materials or non jewelry industrial gold waste. Our Refining Result Policies For scrap to 24kt-We charge a simple honest 2.5% of your 24kt,  for clean & bench filings, with a small $100.00 minimum charge. For scrap to money, we charge 3.5%, or a 96.5% return. For Platinum, we charge $100 for an assay and we then pay 85% of the result of that assay. For Silver we pay 85% of the assayed result with a $50 minimum charge. Bar charges do apply, typically $50 to $100 to smelt silver scrap into a bar. This varies depending on the amount to be smelted. If you have a silver or gold lot that contains palladium or other PGM’s we can discuss charges. Gold and platinum group metal combined have a refining charge or 15%, or put another way an 85% payout, check or metals. For stone recovery our aqua regia dissolve allows recovery of all stones. We charge 5% of the 24kt with a $200 minimum charge. Diamonds, rubies, sapphires, etc. The entrepreneurial jeweler must carefully examine the metals and money strategy then balance the inventory carefully. Some are making the mistake of casting their buttons to death and are forced to remake or repair finished custom pieces. dan_5203 Our suggestion is to send your refining in as soon as practical, and ignore the market prices. If the market price is not to your liking simply tell us to return your pure metals to you. We do this at no extra charge, apart from insuring the shipment and shipping charges. Many of our competitors actually charge you a premium to receive your own refined metals that you have paid to have processed! We would never do that here at PMWest, the small jewelers best friend. We hold all options open to your metals/money mix. When we finish your refining you may sell to us at the settlement days Second London Fix (The “PM” Fix), and receive a check drawn on the Bank Of America. You may ask us to send your pure metals back, or you may use those metals to get the best possible pricing on casting grains of any description, solder, wire or whatever you need. You can even get one of our state of the art casting investments. If you like we can keep your metals in a “mini toll account” for you to use as needed. Call for more details on the program. In most cases we buy the metals from our customers on request. Even when the market is volatile. It is remotely possible that if prices swung beyond reason that we reserve the right to return pure metals from a lot rather than purchase the metals. We will always stay in touch with refining customers on current events in the market, and their options when the lot is finished. The bottom line is you are in charge of your refining result. You keep all the options.