Turning raw gold, silver, and platinum into top-quality investment bullion involves removing impurities to ensure optimal purity and value. This process is called metal refining. Precious Metals Refineries creates a super pure and uniform final product that meets the industry’s high standards through this process.

What are Precious Metals?

Precious metals are rare and fine materials with monetary and industrial value as well as beauty and exclusivity. Precious metals, such as gold, silver, platinum, and palladium are rare and economically valuable. Their worth is highly valuable due to factors such as:

  1. Scarcity.
  2. Industrial applications.
  3. Historical significance as a source of value.
  4. Market Uncertainties.

These metals once have been the foundation of monetary systems. In the present day, investors value them for portfolio diversification and inflation hedge. Traders and investors have multiple avenues to acquire precious metals, including owning ETFs or physical forms like bullion coins and bars, such as tangible pure gold bars.

Largest Precious Metals Refineries Around the World

These precious metals refineries have built a solid reputation for providing outstanding products and services, upholding the integrity of the precious metal industry. These products include coins, rounds, and bars for collectors and investors. 

Valcambi Suisse – Switzerland

Founded over 50 years ago, Valcambi Suisse stands as a prominent Swiss-based precious metal refiner. The company offers a comprehensive suite of refining services-

  1. Transportation
  2. Assaying
  3. Refining
  4. Storage of precious metals

Valcambi Suisse specializes in purifying precious metals to a high level of fineness, suitable for diverse applications like coinage, jewelry, and electronic devices. Also, they manufacture a range of gold and silver products, including bars, coins, and granules. With a steadfast commitment to quality, Valcambi Suisse holds a leading position in the precious metal refining industry.

Metalor: A Swiss-based Leader in Precious Metal Refining

Established in 1852 in Le Locle, Switzerland, Metalor boasts a rich history in the precious metal industry. The company, originally known as Martin de Pury & Cie, specialized in smelting and rolling gold for crafting watch cases.

In a significant turn of events in 2016, Metalor underwent a key transformation when Tanaka Kikinzoku acquired it. This Japanese family-owned company is one of the leading Precious Metals Refineries. Both Metalor and Tanaka Kikinzoku hold prestigious positions as Referees at the London Bullion Market Association (LBMA) and the London Platinum and Palladium Market (LPPM). 

Metalor, in 2016, moved its headquarters to Marin, Switzerland. It is situated next to the group’s primary refinery. This strategic acquisition and relocation further solidified Metalor’s standing in the precious metal industry. Throughout its evolution, Metalor expanded its operations. The company also produces a range of gold and silver products, including bars, coins, and granules.

Heraeus Precious Metals – Germany

Heraeus is a German company that’s been refining precious metals for over 150 years. It’s part of the Heraeus Group, a prominent global tech company. The Heraeus Group works in precious metals, supplies, health, and renewable energy. They produce more than 500 tons of gold each year, maintaining the highest purity standards. Heraeus is known for its innovative refining methods and commitment to sustainability. The company produces high-quality bullion items like Heraeus silver and gold bars and Kinebars. It collaborates with top bullion dealers and financial institutions.

With a refinery base in Germany, Hong Kong, and the United States, Heraeus is ruling the industry. Its most significant setup is in Hong Kong. This precious metals refinery uses advanced technology to efficiently process large amounts of precious metals. The Hong Kong refinery strategically serves the growing demand for precious metals in Asia.

In 2017, Heraeus expanded into Argor-Heraeus, a Swiss precious metals processor. Both Heraeus and Argor-Heraeus are proud members of the London Bullion Market Association (LBMA).

The Perth Mint: Australia’s Official Bullion Mint

Established in 1899, the Perth Mint is one of the best precious metal refineries. It produces top-quality gold, silver, and platinum coins and bars. This precious metals enterprise operates under the ownership of the Western Australian Government.

With 120 years of rich background, The Perth Mint has built a reputation for quality. It sold over 19.7 million coins, medallions, and bars during the 2021-22 fiscal year. It reached customers in more than 130 countries and achieved an annual turnover of AUD 21.77 billion. The one-tonne Kangaroo gold coin produced by Perth Mint has set a new world record as the largest gold coin ever made. 

PAMP SA – Switzerland

PAMP Suisse recently made waves by introducing carbon-neutral precious metals products certified by the Carbon Trust. This includes popular items like the 1 kg and 12.5kg gold bars. PAMP Suisse is also working towards carbon-neutral certification for their iconic 1 oz Lady Fortuna gold bars. Besides these initiatives, the company offers refining services for gold, silver, and other precious metals. It also manufactures various gold and silver products like bars, coins, and granules.

Rand Refinery – South Africa

The Rand Refinery (built in 1920 in Johannesburg, South Africa) is one of the world’s largest precious metals refineries. It was initially created to refine the abundant gold mined in South Africa. Soom, it gained stardom for its top-notch processes, refining gold to a standard of .9999 purity.

Rand Refinery’s products include granules, gold-curated alloys, wire, coin blanks, and minted bars. Over the years, it has expanded, refining over 400 tons of gold and 60 tons of silver annually. Through continuous innovation, the refinery achieved even higher gold purity.

Rand Refinery is a significant producer of gold coins and bars. It manufactures Krugerrand blanks minted by the South African Mint. Its notable memberships are-

  • London Bullion Market Association (LBMA)
  • London Metal Exchange (LME)
  • New York Mercantile Exchange (COMEX Division)
  • Tokyo Commodity Exchange (TOCOM)

Asahi Refining – Japan

Asahi Refining is a subsidiary of Asahi Holdings- a notable Japanese company specializing in precious metal collection and recycling. It has gained recognition for its role in various industries, including dentistry, electronics, and jewelry. In recent years, Asahi Holdings acquired Johnson Matthey in December 2014, a respected brand in the bullion industry. This acquisition led to the establishment of Asahi Refining.

Asahi Refining is responsible for producing high-quality silver, gold, and platinum bars. It continues the legacy of Johnson Matthey in the industry. These bars are made in the same refineries and meet rigorous standards. The bars feature unique logos and designs that differ from the earlier Johnson Matthey bars.

In February 2019, Asahi succeeded by securing Republic Metals Corporation (RMC) assets through an auction. RMC, based in Miami, was one of North America’s largest precious metals refineries before declaring bankruptcy. Asahi’s strategic acquisition of RMC aimed to solidify its presence in the North American precious metals market.

Asahi Refineries’ popular products are Asahi Logo Round and silver bars, and now 2024 Asahi Dragon rounds and bars, as this is the Lunar Dragon Year. 

The Royal Mint: A Legacy of Excellence in Precious Metal Refining

The Royal Mint is over 1,000 years old- a veteran in the world of precious metals. As the official mint of the UK, it’s owned by the government. With its age-old legacy, it enjoys a considerable reputation for making top-notch bullion products.

The Royal Mint doesn’t just churn out coins; its production features variety. Apart from making collectible and fancy coins, it specializes in investment-grade bullion. The world admires its gold and silver Britannia and sovereigns. This refinery is about quality, uniqueness, and making coins people can trust for investment. Their best-sellers are gold and silver Brittania coins and bars. 


Precious metal refining holds significant importance in the field of finance and investment. The precious metals refineries highlighted in this article are prominent players in the global precious metal refining landscape. They have earned fame for delivering outstanding and finest products and services. These are integral to the precious metal industry. These refiners’ dedication to producing pure, high-grade precious metals positions them as trustworthy choices for investors and collectors.