PLATINUM REFINING
Physical Schedule
Purity | Percentage of Market | What We Pay You Per dwt | What we pay you per gram | |
95% | 85% | mkt. x .0425 = $ per dwt | mkt. x .0273 | |
90% | 80% | mkt. x .040 = $ per dwt. | mkt. x .0257 | |
Refining Schedule |
60% + | ||||
Quantity | Element | Accountability | Refining Charge | Settlement |
<10.00 oz t | Pt | 94% | $200 | 6 Weeks |
Au | 92% | $15.00 per oz. t. N.M.C. | 6 Weeks | |
>10.00 oz. t | Pt | 97.5% | $12.50/oz t. | 6 Weeks |
Au | 96% | $15.00 /oz t. | 6 Weeks | |
Pd | 92% | $20.00/oz t. | 12 Weeks | |
Ru | 65% | $85.00/oz t. | 18 Weeks | |
Rh | 70% | $100.00/oz t. | 18 Weeks | |
lr | 60% | $85.00/oz t. | 18 Weeks | |
50% + | ||||
Element | Accountability | Refining Charge | Settlement | |
>10.00 oz t + | Pt | 96% | $20.00/ oz t. | 6 Weeks |
Au | 96% | $15.00/ oz t. | 6 Weeks | |
Pd | 95% | $20.00/ oz t. | 18 Weeks | |
Other elements | 60% | See above | See above | |
40% + | ||||
Element | Accountability | Refining Charge | Settlement | |
>10.00 oz t | Pt | 94% | $20.00/ oz t. | 6 Weeks |
Au | 94% | $15.00/ oz t. | 6 Weeks | |
Pd | 94% | $20.00/ oz t. | 18 Weeks | |
Other element | 60% | See above | See above | |
30% + | ||||
Element | Accountability | Refining Charge | Settlement | |
>10.00 oz t | Pt | 93% | $20.00/ oz t. | 6 Weeks |
Au | 93% | $15.00/ oz t. | 6 Weeks | |
Pd | 93% | $20.00/ oz t. | 18 Weeks | |
Other element | 60% | See above | See above | |
20% + | ||||
Element | Accountability | Refining Charge | Settlement | |
Pt | 92% | $20.00/ oz t. | 6 Weeks | |
Au | 92% | $15.00/ oz t. | 6 Weeks | |
Pd | 92% | $20.00/ oz t. | 18 Weeks | |
Other element | 60% | See above | See above | |
10% + | ||||
Element | Accountability | Refining Charge | Settlement | |
Pt | 90% | $20.00/ oz t. | 6 Weeks | |
Au | 90% | $15.00/ oz t. | 6 Weeks | |
Pd | 90% | $20.00/ oz t. | 18 Weeks | |
Other element | 60% | See above | See above |
Notes: |
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<10.00 oz t. $150 - Flat charge if assayed for Pt only. Additional charged apply for additional elements 10.00+ oz t. $400 - Includes one hour of processing. Should the difficulty of the material necessitate additional time, there will be an additional charge of $125 x the number of hours in excess of the first hour. 25.00+ oz t. $300 - Includes one hour of processing. Should the difficulty of the material necessitate additional time, there will be an additional charge of $125 x the number of hours in excess of the first hour. Additional melt charge: $2 per oz.t, for each oz.t in excess of 50 oz.t. |
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2) Assay charges: $150 1st element, $100 each additional element | ||
3) Advances: before sale of metal: prime + 4% | ||
4) Advances: after sale of metal: current lease rate + 2% | ||
5) Purchase: Pt & Pd, 2nd fix - $5 oz t; other metals at variable discounts. | ||
6) Metal return: Pt, $15 per oz t.; other metals at variable discounts. | ||
7) All Platinum refining lots subject to a minimum 0.15oz t deduction all metals. | ||
8) Settlement time for Platinum sweeps lots is 12 weeks from the start of processing. | ||
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