Newmont and MKS PAMP Partner to Launch Mine-to-Market Traceable Gold Bar at the Largest U.S. Wholesaler
October 15 2024 - 5:00AM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM)
and MKS PAMP partner to offer consumers a traceable gold bar
exclusively made with Newmont-mined gold, refined and minted by MKS
PAMP in Switzerland – powered by Provenance™. The mine-to-market
traceable PAMP 1oz Lady of Liberty gold bar is available at the
largest U.S. wholesaler, making owning gold an accessible option
for wealth building.
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Newmont and MKS PAMP partner to offer
consumers a traceable gold bar. (Photo: Business Wire)
“The opportunity for Newmont gold to be accessible, direct to
consumers, is a testament to our commitment to promoting gold as a
prized commodity worth pursuing and owning. Our commitment to
sustainable mining practices and sourcing transparency makes
purchasing gold attainable for consumers – even while shopping for
household goods,” said Peter Toth, Chief Development Officer,
Newmont.
The traceable 1oz Lady of Liberty gold bar leverages the
established Provenance™ solution to give consumers greater
assurance into the origin of their gold. The solution is pioneered
by MKS PAMP and independently audited and certified, assuring
complete segregation of the gold throughout the refining and
minting process, guaranteeing transparency and full traceability of
the gold.
“Our joint collaboration on this project is a crucial
steppingstone towards a more unified gold industry where we
collectively work together to further strengthen consumer trust and
uphold the integrity that drives the demand for responsibly sourced
gold," said Chris Carkner, Global Head of Minting, MKS PAMP.
In recognition of this longstanding partnership between the two
companies, the Newmont and MKS PAMP teams worked collaboratively to
bring this traceable gold bar to consumers. To craft this
one-of-a-kind gold bar, highly skilled minting experts used the
most advanced techniques to reimagine this iconic and recognizable
figure adorning the gold bar. The PAMP 1oz Lady of Liberty gold bar
is sealed within a secured CertiPAMP™ packaging, which acts as a
certificate of authenticity and quality excellence.
The decade-long partnership between Newmont and MKS PAMP further
marks the launch of their first co-branded traceable gold bar,
underpinned by their common values and unwavering sustainability
commitments. In addition, Newmont is the only gold producer listed
in the S&P 500 Index and is widely recognized for its
principled environmental, social, and governance practices.
About Newmont
Newmont is the world’s leading gold company and producer of
copper, zinc, lead, and silver. The company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in Africa, Australia, Latin America & Caribbean,
North America, and Papua New Guinea. Newmont is the only gold
producer listed in the S&P 500 Index and is widely recognized
for its principled environmental, social, and governance practices.
Newmont is an industry leader in value creation, supported by
robust safety standards, superior execution, and technical
expertise. Founded in 1921, the company has been publicly traded
since 1925.
At Newmont, our purpose is to create value and improve lives
through sustainable and responsible mining. To learn more about
Newmont’s sustainability strategy and initiatives, go to
www.newmont.com.
About MKS PAMP
MKS PAMP is a precious metal market leader providing financial
and physical trading services operating a state-of-the-art precious
metals refinery and mint. With a global footprint and over 60 years
of experience in the precious metals industry, MKS PAMP – part of
the MKS PAMP GROUP – is dedicated to creating a sustainable future
with precious metals products and services. The company offers the
world’s most extensive range of durable, innovative, and
responsibly sourced precious metal products and services.
Founded in 1977, PAMP (Produits Artistiques Métaux Précieux) is
the product brand of the MKS PAMP company and is the world’s
leading bullion brand. PAMP was the first brand to ever decorate
the reverse sides of its minted bars and was the first to produce
original collectibles that forever changed the industry, making
PAMP bars, most notably the world-renowned Lady Fortuna™, the most
coveted bullion bar in the world. As part of its minted bars
collection, PAMP offers an extraordinary range of shapes and
designs from which to choose from, building on leading artisan
savoir-faire and Swiss engineering to manufacture a wide range of
products in all four precious metals and in various forms.
Still managed by the founding family, MKS PAMP is an advocate
for long-term thinking, responsible sourcing, sustainability, and
ethics, working closely with its stakeholders to set the highest
codes of conduct in the industry. MKS PAMP developed Provenance™, a
traceability solution that traces precious metals along the supply
chain and guarantees responsible sourcing globally. MKS PAMP aims
to create value by leveraging its technical expertise, innovations,
and global infrastructure to be an indispensable global partner and
the most sustainable organization in the precious metals
industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20241014009144/en/
Media Contacts: Jennifer Pakradooni - Newmont
globalcommunications@newmont.com Gloria Folidis - MKS PAMP
gloria.folidis@mkspamp.com Investor Contact: Neil Backhouse
investor.relations@newmont.com
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