Recently, we’ve been receiving an increasing number of shipments of ore from those looking to sell it or have it smelted and refined. So, we just wanted to publish a quick reminder for mining companies and other enterprises that Manhattan Gold & Silver does not buy ore or refine it.
What Is Ore?
Ore is natural rock or sediment that contains one or more valuable minerals and metals, including some precious metals – like gold and silver – that we do purchase.
Typically, ore is mined, smelted, and refined. Smelting is the process of extracting metals from ore via heating or melting. Refining is a process of purifying metals, and that’s what we do, so it’s understandable that people might assume we accept ore.
Why Manhattan Gold & Silver Does Not Buy Ore
Usually, any given ore specimen contains a mix of valuable minerals and metals along with rock and minerals that have no commercial value. The economically worthless parts that surround the desirable minerals and metals are called gangue.
We are not equipped to separate the gangue and the valuable metals that make up ore. This involves different processes than those we use here at our facility for refining certain precious metals.
What Manhattan Gold & Silver Does Buy
We purchase and refine certain already-extracted precious metals, including:
- Gold
- Silver
- Platinum
- Palladium
- Rhodium
These may be contained in items like thermocouple wire, electrodes, other electronic equipment, sputtering targets, high-heat industrial and lab tools, and more. They may also be present in alloys. Manhattan Gold & Silver does purchase the above-named metals in these forms.
Also, please note that we only buy directly from business enterprises, such as dental practices, pawnbrokers, jewelers, manufacturers, and mining companies. We do not accept metals from individuals.
