OPM Metals LBMA Good Delivery for Silver

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May 27, 2014, 03:16 ET

JACKSON, Ohio, May 27, 2014 /PRNewswire/ -- Ohio Precious Metals, LLC (dba OPM Metals) is delighted to announce that effective Friday May 23, 2014; the London Bullion Market Association (LBMA) listed OPM Metals on the LBMA Good Delivery List for silver. Per an official press release by the LBMA – "OPM has satisfied the LBMA as to its ownership, history, production capability and financial standing. It has also passed the LBMA's exhaustive testing procedures, under which its silver bars were examined and assayed by independent referees, and its own assaying capabilities were tested."

OPM Metals Company Logo. (PRNewsFoto/Ohio Precious Metals, LLC) (PRNewsFoto/OHIO PRECIOUS METALS, LLC)

This milestone achievement coincides with OPM's 40^th anniversary and makes OPM Metals the ONLY US owned LBMA listed company for both gold and silver. The company would like to acknowledge all of the people who actively participated in the support of, preparation of and presentation of this application, e.g., the financial institutions, the metal traders, Metal Registration Ltd., our mentors, clients and our staff, who have worked tirelessly to create a truly "world class" company with good delivery status in the premier physical market.

OPM maintains its operations of more than 190 employees in Jackson, OH. The refinery is an ISO 9001:2008, 14001:2004, Hub Zone Certified location in Appalachian Ohio. The company is the only US owned refiner to be compliant with the EICC/GeSI Conflict Free Smelter program – a program developed to satisfy section 1502 of the Dodd Frank Act. A wholly owned subsidiary of Elemetal, LLC, OPM Metals is a leading refiner of gold, silver, platinum and palladium providing service to numerous industries including, but not limited to, major collectors, electronics, secondary refiners, pawn and banking.

The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members, including the setting of good delivery and refining standards, the organization of conferences and other events, and serving as a point of contact for the regulatory authorities.

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SOURCE Ohio Precious Metals, LLC