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“Uralelektromed” confirmed its silver Good Delivery status

06/24/2021
“Uralelektromed” confirmed its silver Good Delivery status

JSC “Uralelektromed” (an enterprise of UMMC metallurgical division) has shown high quality of refined silver, having confirmed its international Good Delivery status – which is a worldwide approval of reliable supply. Based on the results of proactive monitoring, silver produced by the company complies with the international standard of London Bullion Market Association (LBMA). Ural company’s silver bars quality analysis was done by international specialized laboratories with appropriate certification. Based on the results, LBMA physical committee awarded the company with a silver good delivery status certificate.

The LBMA assessed the quality of silver samples which were cast in the presence of an independent surveyor. JSC “Uralelktromed’s silver samples were assayed by two referees in the LBMA-recognised laboratories. The assay results evidenced high quality of silver produced.

It is prudent to note that the company reaffirmed the Good Delivery status for gold in May 2021.

In August 2004, JSC “Uralelektromed” became the first among the Russian metal refiners that appeared in the LBMA’s Good Delivery List for refined silver. And later in May 2006, the company was added to the LBMA’s Good Delivery List for gold.