Why Refining Matter As Much As Gold Extraction Itself?
The extraction of gold is often thought of as the dramatic activity of extracting precious metal-bearing ore from deep underground. The ‘real value’ of gold occurs during the refining process; that is, where raw and impure materials are converted into pure, 24 karat gold that is suitable for trade, investment, and manufacturing. The goldrefining company establishes the final quality and purity of the gold, which determines its compliance with international standards and its desirability in the marketplace. The value of gold to an investor and a financial institution is based on its ability to verify the origin and purity of the gold through certification and assay reports. a) From raw ore to refined gold When gold ore is extracted by the gold mining company Africa , the end product is generally in the form of doré bars or doré concentrates that contain numerous impurities (e.g., silver, copper, lead, etc.). Due to the high a...