At Aurum79 Refinery, we specialize in producing high-purity unrefined gold doré bars, sourced from trusted mines in Zimbabwe, Indonesia, and across Africa.
Aurum 79 refinery (Goldcoin venture) specialize in the production of unrefined gold doré bars, renowned for their high purity levels of 92%-96%. Our gold is derived from two prominent sources: Zimbabwe and Indonesia gold mine concessions. Additionally, we maintain a reliable network of suppliers across 12 African nations, with whom we have personally engaged through on-site visits with local miners and aggregators.
Leveraging our established partnerships, we possess a formidable supply capacity up to 7,000 kilograms per month. This impressive volume predominantly originates from Zimbabwe, Indonesia, Ghana, Burkina Faso, Guinea Conakry, Sierra Leone, Togo, Mali, Cote d'Ivoire, and South Africa.
MORE ABOUT USMonthly Supply Capacity
Purity Levels of Gold Doré Bars
Trusted Supplier Network
Gold Bullion Purity
At Aurum79 Refinery, we offer reliable services tailored to meet diverse business needs.
We understand the importance of protecting your investments in the gold trade.
That's why we offer
comprehensive insurance coverage for our gold trading activities.
The application developed by Aurum79 significantly mitigates the risk for investors and lenders by providing a comprehensive tracking system for the physical gold throughout its journey from the source to the refinery. This ensures transparency and accountability at every step, reducing the potential risks associated with the investment or lending.
To manage price volatility, AURUM79 adopts a strategic approach. We primarily pre-sell the gold to the buyer, offering a slight fixed discount off the LBMA rates. This agreement is based on a minimum one-year contract supply. By securing these pre-sale agreements in advance, we can negotiate the price and purchase terms with local aggregators, thereby minimizing price fluctuations.
To ensure effective cash management, the buyer is required to provide a bank guarantee in the form of a Letter of Credit (L/C), Standby Letter of Credit (SBLC), or Escrow. This bank guarantee is uploaded onto our platform, and the settlement is facilitated via SWIFT based on the final assay report, which is verified on the ledgers.
To ensure a reliable supply chain, we have established a robust network of trusted suppliers across 12 African countries, comprising local miners and aggregators.Locally respected and internationally acclaimed, the Krugerrand is the most widely held and actively traded bullion coin in the world with over 60 million ounces sold over the last 50 years. A brainchild of the Chamber of Mines in South African in 1967 and produced by Rand Refinery and the SA Mint, the Krugerrand tells a powerful story of resilience over time and promises investors an attractive return.
Expanding our reach beyond Africa, we have also developed a network of reliable suppliers in Asian countries.
CONNECT WITH USTogether, we ensure the highest standards of quality, transparency, and reliability in the gold industry.