The DGD standard qualifying criteria is designed to ensure the sustainability of the refineryâ€™s operations with a specified volume of production and a minimum tangible net worth, along with appropriate KYC procedures as defined by DMCC.
Refineries must maintain strict standards of creditworthiness, financial strength, operational competency and superior production procedures, ensuring the manufacturing of high quality gold with a minimum purity of 995. The small gold bars produced by these refiners must meet certain specifications of weight, fineness, appearance and marks.
Refineries must meet the following criteria to be eligibile to receive the DGD standard:
- Tangible net worth of not less than or equivalent to US$10 million as per the latest audited balance sheet
- Uninterrupted production for the past 3 years and minimum production of at least 10 tons of gold and/or 30 tons of silver, during the last year
- Use of KYC and AML procedures that are acceptable to DMCC
- Successful refinery inspection by 3rd party DMCC-nominated assayer
Interested refineries need to fill this Compliance Questionnaire Form