Get in touch

Jania Rozas

Senior Consultant

CASE STUDIES

Due diligence assessment of LBMA gold refinery’s supplier


LBMA gold refinery’s supplier

An LBMA gold refinery retained Kumi to provide external assurance on its precious metals suppliers. As part of this assignment, Kumi was commissioned to undertake due diligence assessments on a Peruvian gold mine against the LBMA Responsible Gold Guidance.

Our recommendations

Our assessment showed that the mine met most of the LBMA Responsible Gold Guidance requirements. In some areas, notably around working hours for security personnel and community relations, we made specific recommendations for our client to continuously monitor site-level risks.

LBMA gold refinery’s supplier

The outcome

Our engagement has enabled our client, the LBMA gold refinery, to understand the risks within its supply chain in much more detail. This has enabled it to meet the LBMA’s expectations for responsible sourcing and manage reputational risks. Kumi is now working with our client to evaluate risks in its recycled material supply chain.

Jania Rozas

Senior Consultant