According to available information, a common method for selling raw gold is through direct sales to refiners.
Direct Sales to Refiners
Mining companies and other entities that extract and process gold often sell the raw or processed material directly to gold refiners. These transactions frequently occur through pre-arranged contracts between the companies and the refiners.
Once the gold is mined and processed, it is sold directly to these refiners. The refiners play a crucial role in the gold supply chain.
What Refiners Do After Purchasing Raw Gold
After acquiring the raw gold, refiners undertake the essential step of purifying the gold. This process removes impurities, bringing the gold up to a high level of purity required for various applications. Following purification, refiners then sell it to jewelers, manufacturers, and other end users who utilize the refined gold to create products or hold it as an investment.
This direct channel ensures that raw gold is efficiently moved from the point of extraction to specialized facilities for refinement before entering the broader market.
