LBMA RefiningRouting
What Is LBMA Refining Routing?
LBMA refining routing is the process of sending gold to approved refineries for testing, evaluation, refining, and processing. This ensures that all materials are handled by recognized facilities that operate under strict international standards.
During the refining stage, the gold is carefully analyzed and purified to determine its final composition and value. The process ensures accurate assessment before the material moves further along the bullion supply chain.
Working with approved refineries supports transparency, compliance, and consistency across all transactions, ensuring a smooth and reliable refining process for miners, traders, and institutional buyers.
Approved Refinery Network
Gold is processed only through certified and internationally recognized refineries.
Testing & Evaluation
Material is analyzed to determine purity, composition, and final gold content.
Transparent Processing
Ensures clear reporting, compliance, and traceable movement across the supply chain.
LBMA & UAE Good Delivery Procurement Infrastructure
HFM Gold Trading LLC maintains active routing relationships with the leading LBMA-accredited and UAE Good Delivery refineries. Our refinery network enables efficient processing of dore bars, alluvial material, and out-of-specification bullion.
All material is routed with full documentation, in-transit insurance, and transparent deduction schedules agreed prior to shipment. Outturn reports are provided within 24 hours of refinery confirmation.
Refinery Network
Routing Tiers & Partners
Tier 1 — LBMA Good Delivery
Priority routing for standard kilobars and large delivery bars. Fastest turnaround. Lowest deduction.
- Emirates Gold (UAE)
- Al Etihad Gold (UAE)
- SAM Precious Metals (UAE)
- Valcambi (Switzerland)
- Metalor Technologies (Switzerland)
Tier 2 — UAE Good Delivery
Preferred for smaller lot sizes and dore refining. Moderate processing times. Competitive deduction schedule.
- Kaloti Precious Metals (UAE)
- Fujairah Gold (UAE)
- Dubai Refinery
Tier 3 — Specialist Refineries
Engaged for specialist alloys, complex dore compositions, or capacity overflow. Extended lead times apply.
- Selected Swiss and Asian refineries per material specification
Need assistance selecting the right refinery partner?
Request a Refinery AssessmentWhat We Offer
Procurement Infrastructure
HFM maintains active offtake relationships with LBMA-accredited and UAE Good Delivery refineries across three routing tiers. Material is allocated based on purity, lot size, and urgency of settlement.
Commercial Lot Pooling & Segregation
Material may be pooled with other HFM lots for refinery efficiency or processed as a segregated lot at the counterparty's election. Segregated processing carries an additional fee disclosed at transaction initiation.
Transparent Fee Structure
All refining fees, assay charges, handling deductions, and logistics costs are disclosed in the pre-transaction term sheet. No undisclosed deductions. Final accounting provided within 24 hours of refinery outturn.
Risk Mitigation
In-transit insurance under an open marine policy. Refinery counterparty risk managed through pre-agreed credit facilities. Price risk can be hedged against LBMA fix at counterparty's election.
Logistics Coordination
End-to-end logistics management from point of receipt to refinery delivery. Coordination with Brinks, G4S, and Malca-Amit. Customs brokerage and export documentation prepared in-house.
Refinery Outturn Reporting
Detailed outturn reports provided post-refining, including gold recovered, silver recovered, base metal deductions, and total settlement calculation. Disputes resolved within 5 business days.
Pricing
Transparent Fee & Deduction Structure
| Item | Rate | Notes |
|---|---|---|
| Refining & Treatment Charge | 0.25%–1.5% | Varies by material purity and lot size |
| Assay Charge | Fixed per lot | Per fire assay sample commissioned |
| Handling & Logistics | 0.10%–0.35% | Dubai-to-refinery transport and insurance |
| Segregation Premium | +0.15% | If counterparty elects segregated processing |
| Price Risk Hedging | By quotation | Optional, quoted on request per lot size |
Why Use HFM Gold's Refining Network?
HFM Gold works with a network of approved refineries and helps coordinate the routing process from start to finish. Our team assists with documentation, communication, and transaction coordination to help ensure that materials are processed efficiently.
We focus on clear communication, transparency, and professional service throughout the refining journey, helping clients navigate the process with confidence.
Questions
Frequently Asked Questions
HFM typically engages in institutional-grade bullion transactions beginning from 10 kilograms upward, depending on the bar format, refinery accreditation, and delivery jurisdiction.
We only accept bullion bars produced by LBMA-listed or UAE Good Delivery accredited refineries. All bars are subject to serial number verification, assay confirmation, and documentation review before acceptance.
Settlement pricing is benchmarked against the LBMA AM or PM gold fix on the agreed valuation date. Any premium or discount to spot is negotiated bilaterally based on volume, format, purity, and logistics conditions.
Yes. HFM coordinates secure vault-to-vault logistics through approved armored carriers and institutional vaulting partners across Dubai, London, Zurich, and other recognized bullion trading hubs.
Required documentation generally includes refinery certificates, proof of ownership, commercial invoice, packing list, vault release authorization, and full KYC/KYB documentation for the selling counterparty.
Initiate Refinery Routing for Your Material
Initiate Refinery RoutingPrivate Consultation
For institutional bullion bar acquisitions, vault logistics enquiries, or to commence the onboarding process, contact our bullion trading desk directly.
106, Gold Land Building, Dubai, UAE
+971 4 395 0866
info@hfmgold.com