Entry

PX Precinox S.A.

The downstream end of the chain: refiners and smelters that turn dore and concentrate into refined metal.

TypeRefinery / smelterRelationships19Claims held30Checked2026-09First held2026-08

A Swiss gold refiner at La Chaux-de-Fonds, and the refining arm of PX Group. It has been on the LBMA Good Delivery List since 2012, and a third-party register puts its maximum refining capacity at 60 tonnes a year. FIDAMAR describes it as "a key subsidiary of PX Group SA, with over 45 years of specialized experience in precious metals processing".

It is certified under the LBMA Responsible Gold Guidance, under Fairmined (identifier CH20009, for refining, cold working and scrap buy-back) and under the Responsible Jewellery Council Code of Practices and Chain of Custody. It is one of the four founding participants of the Swiss Precious Metals Transparency Platform, a member of the Earthworm Foundation since June 2022, a member of the Swiss Precious Metals Association, and one of the two members of FIDAMAR alongside Dynacor.

WHERE ITS GOLD COMES FROM IS THE PART WORTH READING SLOWLY. The refiner is built around artisanal and small-scale sourcing rather than industrial volume: SWISSAID counted it as naming a single mine, against twenty-six for the largest Swiss refiner in the same survey, and the company told researchers it imported gold from one industrial mine in Senegal. It buys artisanal gold under its own PX Impact label. Chopard has publicly named it as a gold supplier, and it appears in Microsoft's published smelter list.

WHAT ITS ASSURANCE COVERS, AND WHAT IT DOES NOT. The FY2024 reasonable-assurance report on its LBMA compliance states in its own words that "The assurance scope consists of the Refiner's Compliance Report and the Country of Origin Annex", and then that "the Country of Origin Annex is not publicly available". So the document that names the countries the gold came from is inside the audit and outside the public record. The Hub holds the assurance and states the gap rather than reporting the opinion alone.

TWO COMMITMENTS THE COMPANY HAS MADE, recorded as its own declarations and not as findings: to have sourced 20 tonnes of artisanal gold by 2028, against 3.5 tonnes imported in 2022 and declared to the LBMA; and to set up a Swiss foundation by 2025 redistributing 80 per cent of the premiums paid to community projects. The foundation exists and is the Global Ecosystem Impact Foundation. The Hub has not verified either figure against an outcome.

How this entry is evidenced

Every claim below carries its own evidence standing. The hub publishes those standings and forms no single grade for the entry.

Registry fact6Corroborated2Single source22
Register identifiers
  • lei50670000UF97M63O5669
This entry in the graph

Every relationship the hub holds for this entry, drawn once. An entry with three edges shows three edges.

participates in · As reportedparticipates in · As reportedcertified under · As reportedcertified under · As reportedcertified under · As reportedlocated in · As reportedlocated in · As reportedlocated in · As reportedparticipates in · As reportedparticipates in · As reportedparticipates in · As reportedparticipates in · As reportedsupplies · As reportedsources from · As reportedsources from · As reportedsources from · As reportedPX Precinox S.A. — Refinery / smelterSwiss Precious Metals Association — Industry association / private standard-setterZahabu Safi Refiners Community of Practice — Initiative / programmeFairmined — Certification scheme / standardLBMA Responsible Gold Guidance (RGG) — Certification scheme / standardRJC Code of Practices 2024 + Chain of Custody 2024 — Certification scheme / standardSwitzerland — Jurisdiction / administrative areaEarthworm Foundation — Civil-society organisationFIDAMAR — Civil-society organisationPX Impact® — Initiative / programmeSwiss Precious Metals Transparency Platform — Initiative / programmeBanque Cantonale Vaudoise — Financial institutionSenegal — Jurisdiction / administrative areaNiamia — Mine site / workingsMinera Veta Dorada S.A.C. — Producer organisation
Switzerland
Relationships

Showing 19 of 19

Where a source does not establish that a relationship continues, its present status is undetermined. An absent end date is not evidence that it is current.

Geography3

located inSwitzerlandJurisdiction / administrative areaRegistry fact
As reported
Evidence

One authoritative register is the bar for this kind of claim. Published as shown, cited and dated.

SourceMicrosoft Corporation — Conflict Minerals Report for 2024 Reporting Year, Appendix AOrigingold-hubObserved2024Asserted2026-08-29

Chain of custody4

sources fromMinera Veta Dorada S.A.C.Producer organisationSingle source
As reportedDetermination basisindependent journalism naming the supplier on the record's own pageProduct formgold
Evidence

One source states this, and it is labelled as one source.

Sourcewww.swissinfo.chOrigingold-hubObserved2026-09Asserted2026-09-10

sources fromNiamiaMine site / workingsSingle source
As reportedDetermination basisnamed by the refiner to SWISSAID and printed in the report's own relationship tableProduct formgold
Evidence

One source states this, and it is labelled as one source.

Sourcewww.swissaid.chOrigingold-hubObserved2022Asserted2026-09-10

sources fromSenegalJurisdiction / administrative areaSingle source
As reportedDetermination basiscountry-of-origin only, no named mine in this passage
Evidence

One source states this, and it is labelled as one source.

SourceAfrican Gold Report / SWISSAID — Senegal country profileOrigingold-hubAsserted2026-09-05

suppliesBanque Cantonale VaudoiseFinancial institutionSingle source
As reportedDetermination basisbuyer declaration in SSF case studyProduct formPX Impact gold
Evidence

One source states this, and it is labelled as one source.

SourceBanque Cantonale Vaudoise, own buyer declaration published by Swiss Sustainable FinanceOrigingold-hubObserved2026-09-11Asserted2026-09-11

Governance and compliance3

certified underFairminedCertification scheme / standardRegistry fact
As reported
Evidence

One authoritative register is the bar for this kind of claim. Published as shown, cited and dated.

Sourcefairmined.orgOrigingold-hubObserved2026-09Asserted2026-09-10

Events and evidence3

mentioned inPX Précinox FY2024 LBMA reasonable-assurance reportSource documentSingle source
As reported
Evidence

One source states this, and it is labelled as one source.

  • LocatorIndependent Reasonable Assurance Report; scope and Emphasis of matterDocumenthttps://pxgroup.com/wp-content/uploads/2025/10/PX-Precinox_LBMA-Gold_Audit-Report_31.12.2024_signed_wo-d.pdf · externalLinkpxgroup.com/wp-content/uploads/2025/10/PX-Precinox_LBMA-Gold_Aud QuoteHeld, display gated pending the permissions review.

SourceForvis Mazars SA, independent assurance opinion published by PX PrécinoxOrigingold-hubObserved2026-09-11Asserted2026-09-11

mentioned inPX Précinox FY2025 gold certificateSource documentSingle source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2025 certificate; text-only scope unresolvedOrigingold-hubObserved2026-09-11Asserted2026-09-11

Participation and support6

participates inEarthworm FoundationCivil-society organisationSingle source
As reportedRolemember since June 2022
Evidence

One source states this, and it is labelled as one source.

  • LocatorMembership headingDocumenthttps://earthworm.org/members/px-precinox · externalLinkearthworm.org/members/px-precinox QuoteHeld, display gated pending the permissions review.

SourceEarthworm Foundation, own engagement accountOrigingold-hubObserved2026-09-11Asserted2026-09-11

participates inFIDAMARCivil-society organisationSingle source
As reportedRolemember
Evidence

One source states this, and it is labelled as one source.

  • LocatorMembers page; one of two listed membersDocumenthttps://fidamar.org/en/members/ · externalLinkfidamar.org/en/members/ QuoteHeld, display gated pending the permissions review.

SourceFIDAMAR, related-party declarationOrigingold-hubObserved2026-09-11Asserted2026-09-11

participates inPX Impact®Initiative / programmeSingle source
As reportedRolerefining participant
Evidence

One source states this, and it is labelled as one source.

  • LocatorOpening description: PX Précinox is identified as guarantor of recycling, refining and finishing flowsDocumentrecord:px-impact-and-segregated-flows · externalLinkpxgroup.com/le-groupe/px-impact-et-flux-segregues/ QuoteHeld, display gated pending the permissions review.

SourcePX GroupOrigingold-hubObserved2026-09Asserted2026-09-09

participates inSwiss Precious Metals AssociationIndustry association / private standard-setterCorroborated
As reportedRolemember
Evidence (2)

Two or more independent sources state this.

  • LocatorMember block, 17 entriesDocumentrecord:asmp-members-2026 · externalLinkasmp.swiss/en/
  • LocatorParticipants block, introductory textDocumentrecord:spmtp-about · externalLinkpm-transparency.swiss/en/about QuoteHeld, display gated pending the permissions review.

SourceASMP member block, corroborated by the platform own statement that its participants are ASMP membersOrigingold-hubObserved2026-09Asserted2026-09-11

participates inSwiss Precious Metals Transparency PlatformInitiative / programmeSingle source
As reportedRolefounding participant, founded SPMTP 2023 (data contribution starting 2024)
Evidence

One source states this, and it is labelled as one source.

  • LocatorParticipants block, cohort labelDocumentrecord:spmtp-about · externalLinkpm-transparency.swiss/en/about QuoteHeld, display gated pending the permissions review.

SourceSwiss Precious Metals Transparency Platform, own participants blockOrigingold-hubObserved2026-09Asserted2026-09-11

participates inZahabu Safi Refiners Community of PracticeInitiative / programmeCorroborated
As reported · 2020 → end not establishedRolemember refiner
Evidence (2)

Two or more independent sources state this.

SourceLevin SourcesOrigingold-hubObserved2026-08Asserted2026-08-29

Attributes
Asm sourcing target declaredBy 2028, source 20t of ASM gold; a commitment, not achieved annual output.Single source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

Foundation establishment declaredPX Précinox states it established GEIF.Single source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

Grievance contact[email protected]Single source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox, management responsible-sourcing policyOrigingold-hubObserved2026-09-11Asserted2026-09-11

Legal formCompany limited by sharesRegistry fact
As reported
Evidence

One authoritative register is the bar for this kind of claim. Published as shown, cited and dated.

SourceGLEIF (Global Legal Entity Identifier Foundation), ISO 20275 entity legal formsOrigingold-hubObserved2026-09Asserted2026-09-04

Legal namePX Précinox S.A.Registry fact
As reported
Evidence

One authoritative register is the bar for this kind of claim. Published as shown, cited and dated.

SourceGLEIF (Global Legal Entity Identifier Foundation)Origingold-hubObserved2026-09Asserted2026-09-04

Maximum refining capacity third party[object Object]Single source
As reported
Evidence

One source states this, and it is labelled as one source.

  • Locatorp.14; maximum refining capacity table; no row-level source attribution; distinct from annual disclosureDocumenthttps://www.sustainablefinance.ch/api/rm/CRAG33WK9GXZ573/ssf-pub-responsible-gold-investment-final-2.pdf · externalLinkwww.sustainablefinance.ch/api/rm/CRAG33WK9GXZ573/ssf-pub-respons QuoteHeld, display gated pending the permissions review.

SourceSwiss Sustainable Finance, Responsible Gold Investment, April 2025Origingold-hubObserved2026-09-11Asserted2026-09-11

OBSERVED14 gSingle source
Historical · 2024-01-01 → 2024-12-31Basiscompany-reportClaimantself-declaredIndicatorproduction
Evidence

One source states this, and it is labelled as one source.

  • LocatorCompliance report: first electronic-waste result; not total annual outputDocumenthttps://pxgroup.com/wp-content/uploads/2025/10/PX-Precinox_LBMA-Gold_Audit-Report_31.12.2024_signed_wo-d.pdf · externalLinkpxgroup.com/wp-content/uploads/2025/10/PX-Precinox_LBMA-Gold_Aud QuoteHeld, display gated pending the permissions review.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

OBSERVED3.5 tSingle source
Historical · 2022-01-01 → 2022-12-31Basiscompany-reportClaimantself-declaredIndicatorimport
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

Ore grade comparison declaredPX states 1 g/t for industrial ore, 25 g/t for artisanal ore and 100–400 g/t for electronic waste. The samples and comparability are not independently established.Single source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

Premium redistribution commitmentBy 2025, redistribute 80% of premiums to community projects. This is a commitment; GEIF’s later support/expenditure ratio has a different denominator.Single source
As reported
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox FY2024 compliance report; management declarations and separate Forvis Mazars opinionOrigingold-hubObserved2026-09-11Asserted2026-09-11

Responsible sourcing conclusion declaredManagement states it identified no CAHRA sourcing risk, adverse human-rights impact or child labour in 2025. These are management conclusions, not independent findings.Single source
Historical · 2025-01-01 → 2025-12-31
Evidence

One source states this, and it is labelled as one source.

SourcePX Précinox, management responsible-sourcing policyOrigingold-hubObserved2026-09-11Asserted2026-09-11

Sequence
  1. 2020participates in · Zahabu Safi Refiners Community of PracticeStart
  2. 2022-01-01OBSERVED · 3.5 tStart
  3. 2022-12-31OBSERVED · 3.5 tHistorical
  4. 2024-01-01OBSERVED · 14 gStart
  5. 2024-12-31OBSERVED · 14 gHistorical
  6. 2025-01-01Responsible sourcing conclusion declared · Management states it identified no CAHRA sourcing risk, adverse human-rights impact or child labour in 2025. These are management conclusions, not independent findings.Start
  7. 2025-12-31Responsible sourcing conclusion declared · Management states it identified no CAHRA sourcing risk, adverse human-rights impact or child labour in 2025. These are management conclusions, not independent findings.Historical
What the hub does not hold
  • No tenure and control claim is held for this entry.
  • No coordinates are held for this site. The source pages state none.

Not shown · Where sources disagreeNo source disagreement is noted on this entry.

Not shown · Also namedNo source has used a different name string for this entry.

Where this entry comes from