The Company's royalty revenue and silver sales are converted to an Attributable Gold Equivalent ounce basis by dividing the royalty revenue and silver sales for a period by the average gold price based on the LBMA
Gold Price PM Fix per ounce for the same respective period.
has warned that the 85 per cent buffer could put some of its members out of business.
Valcambi claimed that large Swiss gold refiners have adopted OECD and LBMA
due diligence recommendations to avoid getting entangled in child labor or human rights violations.
ICE Benchmark Administration (IBA), a subsidiary of ICE, was chosen to provide a physically settled, electronic and tradable auction for what will become the LBMA
(London Bullion Market Association) Gold Price.
"The 9% fall in revenues primarily reflected the weaker pricing environment on the LME and LBMA
markets for copper, gold and silver products and lower copper cathode and precious metal sales volumes in 2014," said in the press release.
L'Azurde is also the first company in the Middle East to obtain accreditation from the London Bullion Market Association and has been included on the LBMA
Good Delivery List since June 1, 2010.
Average silver prices year-to-date have fallen by almost 20 per cent with the LBMA
Silver Price reaching a multi-year low on November 6th of $15.28/oz before rebounding slightly.
The silver price is set once daily at 12:00 by the London Bullion Market Association (LBMA
) and is expressed in U.S.
Since the cooling coil almost treats the supply air as close to saturated when the outdoor air is humid, the space air humidity ratio variation from Point B to Point A is relatively small, from 0.0090 to 0.010 kgv/kga (lbmv/lbma) for the economizer mode, and from 0.0090 to 0.0095 kgv/kga (lbmv/ lbma
) for the minimum outdoor air mode.
Speaking at the Singapore-based Bullion Marker Forum of the annual London Bullion Market Association (LBMA
), Lim stressed "comprising a series of six daily contracts, the contract will give physical users access to competitively-priced kilobars".