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The enterprise
The company was founded in 1984
We are a Joint Stock Company (SPA)
The headquarters are in Arezzo, Tuscany, in the district of San Zeno 39 years of experience
Our services include:
recovery, analysis and refining of precious metals production and trade of gold and silver products and production and trade of investment gold for banks, individuals and industry services to support the trading of precious metals logistics, transport and storage services
With the acquisition of a new Italpreziosi division in 2022, new services include:
heat treatment/incineration of goldsmith scrap, sludge and residues from gold-silver processing treatment and recovery of precious metals of various kinds (e.g., liquids and wastes from the chemical and galvanic industries, chemical and automotive catalysts; waste from the electronic industry)
Production capacity:
290 tons of silver per year, 60 tons of gold
New division production capacity:
215 tons of silver per year, 35 tons of gold
We have customers and suppliers all over the world including:
Banks, Mines, Jewelers and industry operators, Private entities and people
Governance
Ethics and Integrity
231 organizational model
Italpreziosi adopts the Organization, Management and Control Model pursuant to Legislative Decree 231/2001.
Board of directors
The Italpreziosi Board of Directors is composed of five members, including the CEO of Italpreziosi. The board members are selected based on their commitment to sustainability, because it is an integrated aspect of the company business strategy and therefore the Board of Directors’ vision must be aligned with high standards in this regard. The Board of Directors’ task is to set up and supervise the business strategy with organization, control of the activity and corporate sustainability.
Management
Italpreziosi’s CEO, with Senior Management’s support, represented by each department’s managers, organizes and supervises implementation of the business strategy and corporate sustainability.
Due diligence Commission
The Due Diligence Commission is composed of Senior Management; the Chairperson is the corporate Legal Officer. The Due Diligence Commission’s role is to supervise the Compliance and Sustainability Officer’s work, strengthening the corporate Compliance department.
Sustainability committee
For Italpreziosi, Sustainability is the driving force behind its business. The Due Diligence Commission supports the Sustainability Commission’s work, as compliance and sustainability must go hand in hand. This synergy aims to make adequate verification work even closer to all stakeholders, integrating it into a sustainability path designed to collaborate and support in the field of Compliance with its suppliers and customers.
Board of statutory auditors
Its task is supervising the directors’ activities and verifying that the company management and administration are conducted in compliance with the law and the articles of association, further guaranteeing its quality.
Supervisory body
The Supervisory Body consists of 3 members and is responsible for supervising the implementation of Model 231 and its compliance by its recipients. It also checks the Model’s adequacy and ensures that the staff is properly educated and trained on it.
Board of directors
Board of statutory auditors
Story
Company founding
Launch of www.italpreziosi.it It is one of the first international sites to transmit the prices of precious metals free of charge and in real time.
Founding of Goldlake IP
Inauguration of the new headquarters in Arezzo
Member of the International Precious Metals Institute (IPMI)
Inauguration of the new refining plant
High technology with an environmental impact close to zero.
Inauguration of Italplatform
The first investment platform service for gold through the banking channel to facilitate the trading of ingots and coins between private and institutional investors.
2013
Acquisition of Cortez Gold Corp. Purchase of shares in Cortez Gold Corp.
RJC Certification
Obtaining the Code of Practices certification
Italpreziosi joins the Starcore International group
Starcore International Corp acquires Cortez Gold and therefore Italpreziosi becomes its shareholder
2015
2017
RJC Certification
Obtaining the Chain of Custody certification
LBMA Certification
Obtaining the Good Delivery certification
Sandspring Resources LTD
Acquisition of shares inSandspring Resources LTD
Mintata Sas
Acquisition of shares in Mintata Sas
2018
2019
PlanetGold
IItalpreziosi SPA joined the planetGOLD Program, implemented with UNDP, UNEP, UNIDO with individuals, governments and civil society associations
Aris Gold Corp
Acquisition of shares in Aris Gold Corp
Transformation of Sandspring Resources LTD into Gold X Mining Corp
Goldlake IP
100% Goldlake IP acquisition
2020
2021
Gran Colombia acquires Gold X Mining Corp. by merger Therefore, Italpreziosi becomes a shareholder of Gran Colombia Gold Corp.
Responsible Mineral Initiative (RMI) Membership
Fairmined Authorized Supplier Certification
Acquisition of New Division
Watch & Jewellery Initiative 2030 (WJI2030) Membership
2022
Italpreziosi in the world
Italpreziosi works and collaborates with stakeholders in more than 25 countries around the world and has shares in various companies active in the precious metals supply chain.
Starcore International Mines Ltd is a Canadian mining exploration, development and production company. Its main property is the San Martin mine, which includes mining concessions covering an area of more than 12000 hectares located in Queretaro, Mexico. The company has mining concessions that have not yet been exploited or capitalized.
Gran Colombia Gold Corp is a mining company listed in Canada on TSX – Toronto. In addition to being the largest mine in Colombia, it also has some mining concessions in Central and South America. In particular, in English Guiana, it is developing what is now considered one of South America’s largest gold mining projects.
Company listed on TSX – Toronto, active in gold mining in Colombia. The company has acquired part of the Gran Colombia Gold Corp (Marmato) mining concessions with the prospect of a significant expansion of the extraction phase, which is currently in place.
Goldlake IP
Goldlake IP has conducted a supply chain traceability project since 2008, among the first in world, from mining, to refining and subsequent exclusive sale to Cartier of ethical gold, in compliance with high environmental protection standards, investing in social and integration with local communities, which manages to combine profit and innovation, respect for humans and for the ecosystem.
Our services
Recovery, analysis and refining of precious metals
We use the most advanced refining techniques to recover gold, silver, and other precious metals at the highest levels of purity. LBMA’s Good Delivery certification verifies the standards achieved and maintained within the entire process.
Production of gold and silver products for banks and industry
Using the latest generation, technologically advanced machinery and optimizing all processes internally, the company creates gold bars and ingots certified with Good Delivery certification and pure silver in grains or bars.
Online precious metals trading support services
We offer a full range of services related to the precious metals market and share daily spot or forward prices of gold, silver, platinum and palladium in main currencies. We developed a digital platform for brokerage of physical metal: Italplatform. Through this system, all our customers and suppliers have access to international markets and can set the price in real time or at the fixture and place orders.
Sale of investment gold in the retail market
Our Precious Metals Sales department sells both coins and its own production of Good Delivery ingots, all equipped with a guarantee certificate. Additionally, we also launched the PAC Tesoro physical gold investment service, aimed at all customers interested in diversifying their portfolio on a regular basis.
Logistics, transport and storage
We provide our customers and suppliers with efficient, safe, and fast transport solutions for industrial, banking and private sectors. We work exclusively with the main international couriers that comply with the OECD Due Diligence guidance for Responsible Supply Chain. In addition to logistics and transport services, our colleagues are able to purchase investment gold, without physically handling the products, opting to transfer them directly into Italdeposito’s insured warehouse.
New division
Thanks to the New Division, we provide additional services that vary depending on the customer’s needs. These include heat treatment/incineration of goldsmith garbage, sludge and residues from gold-silver processing and treatment and recovery of precious metals from liquids and wastes of various types. Additionally, colleagues are assisted throughout the life cycle of the product containing precious metals to be recovered and they are supported in issues related to the handling and treatment of industrial waste containing precious metals to be processed.
Certifications and accreditations
1 January 2022 – 31 December 2022
Responsible jewellery council (rjc)
We are members of the Responsible Jewellery Council, RJC (the association uniting more than 400 of the world’s most important companies that represent the entire gold supply chain, from mines to major jewelry manufacturers such as Cartier, Bulgari, Tiffany, etc.). Ivana Ciabatti served on its Board of Directors. In 2013, Italpreziosi received the voluntary certification of the Code of Practice CoP and the “Provenance Claim” certification, and in 2017 the Chain of Custody CoC certification.
London bullion market association (lbma)
On September 1, 2008, we became Associate Shareholders of the London Bullion Market Association (LBMA). We have received the Good Delivery certification since 2018. LBMA is the London-based association that represents the world’s largest OTC (over the counter) market for physical gold and silver exchanges. The Association brings together most of the central banks, producers, refineries, producers and traders, regulating various sectors, including the definition of refining standards, commercial documentation and promoting best business practices.
FAIRMINED
We are certified as a ‘Fairmined Supplier.’ We participate in projects in collaboration with international organizations and industry associations to improve the conditions of artisanal miners’ small communities while respecting the environment in various countries around the world. The gold produced by these projects is Fairmined certified. With your purchase, you contribute to small mining communities’ socio-economic development and environmental protection.
Banca d’italia
We are registered at no. 5000120 as a professional operator on the gold market with the Bank of Italy, pursuant to Italian laws and in particular with Law 7/2000, which allowed, among other things, investment gold trading between individuals.
RESPONSIBLE MINERAL INITIATIVE (RMI)
In addition to being part of their list of certified refinements worldwide, we are members of the Responsible Mineral Initiative (RMI). Founded in 2008 by members of the Responsible Business Alliance and the Global e-Sustainability Initiative, the Responsible Minerals Initiative has become one of companies’ most used and respected resources in various sectors that work in responsible mineral supply chains.
INTERNATIONAL PRECIOUS METALS INSTITUTE (IPMI)
Italpreziosi is a member of IPMI, the International Precious Metals Institute, the largest association focused on precious metals in world. IPMI is an international association of producers, refiners, manufacturers, scientists, users, financial institutions, traders, private and public sector groups, formed to provide a forum for the exchange of information and technology.
WATCH & JEWELLERY INITIATIVE 2030 (WJI2030)
Italpreziosi is a member of the Watch & Jewellery Initiative 2030, a project that Kering and Cartier launched, aimed at Watch and Jewelry industry members, based on three shared objectives: building a climate resilience plan, preserving natural resources and encouraging inclusiveness.
Scrap
Mines
Good delivery
Full traceability
Analysis
Refining
