Refined Metals (OTCMKTS:CADMF) is a North American-based precious metals refinery specializing in the processing and purification of gold, silver and related by-products. Founded in 1980, the company has developed a vertically integrated model encompassing raw material sourcing, refining, assaying and the production of high-purity bullion bars and grains. Its refineries are equipped with modern chemical, electrolytic and smelting technologies that enable it to deliver products meeting the stringent quality standards required by jewelers, electronics manufacturers and financial institutions.
The company’s operations span two primary facilities in Guadalajara and Chihuahua, Mexico, which combined account for over 30,000 square feet of production and laboratory space. These sites are supported by a network of regional offices in Canada and the United States, allowing Refined Metals to serve a diverse customer base across North America. In addition to traditional bullion and grain products, the company offers custom refining services for electronic scrap, dental alloys and catalytic converters, positioning it as a leading recycler of precious metal materials.
Throughout its history, Refined Metals has emphasized environmental responsibility and community engagement. Its refineries employ closed-loop water treatment and emissions-control systems designed to minimize the environmental footprint of heavy-metal processing. The company also operates a certification program for refining partners, ensuring compliance with international standards such as ISO 14001 and the Responsible Jewellery Council Code of Practices.
Under the leadership of CEO Maria Delgado and CFO Antonio Ruiz, Refined Metals continues to invest in R&D and capacity expansion. Delgado, who joined the company in 2015 after a decade in industrial minerals, has steered the business toward new service lines in electronics recycling and specialty alloys. The management team’s strategic focus on operational excellence and market diversification aims to support sustained growth in global precious-metal refining and recycling markets.
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