Auramet

What Auramet does

Auramet International, Inc. is a privately held precious metals merchant founded in 2004 and headquartered in Teaneck, New Jersey, with operations staffed across five continents. The company buys and sells physical precious metals - gold, silver, and the platinum group metals (platinum, palladium, rhodium), plus iridium, ruthenium, and rhenium - sourcing from mining companies and recyclers and selling to refineries, bullion banks, catalyst manufacturers, and industrial end users. In the last five years Auramet has purchased on average 6-8 million ounces of gold annually, and it reports that 100% of refiners it works with are on the LBMA and LPPM Good Delivery Lists.

Beyond physical trading, Auramet operates a merchant banking platform that provides working capital facilities, in-transit and in-process refining facilities, pre-export facilities, pre-production advances, bridge facilities, and gold and silver loans to mining companies; it has closed over 125 such lending transactions totaling more than $1.25 billion. It also provides project finance advisory services (over $2.5 billion of transactions advised) and, through its wholly owned subsidiary Auramet Capital Partners, makes equity, royalty, and streaming investments focused on mid-tier and junior precious metals miners as well as base and battery metal producers. The firm has expanded into battery metals (lithium, cobalt, graphite, nickel) to serve the new energy economy.

Auramet generates revenue through trading spreads and transaction fees on physical metal flows, interest and fees from lending facilities, advisory fees on project finance mandates, and returns from equity/royalty/streaming investments. Management and employees own more than 66% of the company, and the team includes former bankers, traders, lawyers, geologists, metallurgists, and mining engineers drawn from institutions such as Standard Bank, Credit Suisse, UBS, Deutsche Bank, Rabobank, Sumitomo, Metalor, and Cravath, Swaine & Moore. The firm is LBMA Associate Member, LPPM Affiliate Member, IPMI Member, and has held consecutive EcoVadis Gold Medal sustainability ratings from 2022 through 2025.

Name

Auramet

Legal name

Auramet International, Inc.

Website

https://auramet.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Auramet is a private precious metals merchant founded in 2004 that provides physical metals trading, merchant banking lending, project finance advisory, and equity/royalty investments to mining companies, refiners, recyclers, and industrial end users across five continents.

Ownership category

akta.pro rank

Product category

Precious Metals Merchant Banking

NAICS

Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

Wholesale-Jewelry, Watches, Precious Stones & Metals (5094), Mineral Royalty Traders (6795)

akta.pro primary industry

Precious Metals Trading, Marketing & Distribution (IMAKAEAH)

akta.pro secondary industry

Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

Keywords

• Precious metals merchant
• Physical metals trading
• Merchant banking services
• Mining project finance
• Resource lending

Headquarters

HQ city

Teaneck

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Physical Metals Trading: Core revenue stream from buying and selling physical precious metals (gold, silver, platinum, palladium, rhodium, iridium, ruthenium, rhenium) in various forms including bullion, doré, ingot, scrap, sponge, gauze, grain, chemical solution, concentrate, powder, and carbon. Revenue generated through price spreads and transaction fees on metal purchases from mining companies and recyclers, and sales to refineries, catalyst manufacturers, automobile companies, and industrial end users.
2. Merchant Banking / Lending: Interest income and fees from providing financing facilities to mining companies including working capital facilities, in-transit/in-process refining facilities, pre-export facilities, pre-production advances, bridge facilities, and gold/silver loans. Auramet has closed over 125 lending transactions totaling over $1.25 billion.
3. Project Finance Advisory: Fees earned from providing advisory services to mining companies for project financing arrangements, including preparation of financing plans, solicitation and negotiation of term sheets, due diligence management, and closing support. Auramet has advised on project finance transactions valued at over $2.5 billion.
4. Equities, Royalties & Streaming (Auramet Capital Partners): Returns from equity investments, royalty agreements, and streaming arrangements with mining companies, particularly in the mid-tier and junior precious metals mining space, as well as base metals and battery metal producers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Auramet buys and sells physical precious metals (gold, silver, platinum, palladium, rhodium, iridium, ruthenium, rhenium) and related base and battery metals directly from mining companies, refiners, and recyclers, and resells to bullion banks, refineries, catalyst manufacturers, automobile companies, and industrial end users. The company complements physical trading with merchant banking lending facilities, project finance advisory, supply and risk management hedging products, and equity/royalty/streaming investments through Auramet Capital Partners. Auramet does not own industrial assets and acts purely as a merchant and financial intermediary.

Product overview

Auramet is a precious metals merchant offering a unified platform of trading and financial services. The core offering consists of Physical Metals Merchant services for buying and selling gold, silver, platinum group metals (platinum, palladium, rhodium), iridium, ruthenium, and rhenium, along with base metals and battery metals. The product portfolio includes Merchant Banking (lending facilities totaling over $1.25 billion across 125+ transactions), Advisory Services (project finance advisory valued at over $2.5 billion), and Auramet Capital Partners (equity/royalty/streaming investments). Additional services include Supply & Risk Management with price protection products. The company does not own industrial assets and acts as an intermediary between mining companies, refiners, and end users.

Differentiator

Problem solved

Functional benefit

Brands

• Auramet Capital Partners (ACP): A resource fund focused on precious metals investments through royalties, streams, and equity investments in mid-tier and junior precious metals mining space, as well as base metals and battery metal producers.

Products and services

• Physical Metals Merchant Core line of business involving the physical merchanting of precious metals. Auramet buys from mining companies, refineries, and recyclers, and sells to bullion banks, refineries, catalyst manufacturers, automobile companies, and industrial end users, working exclusively with refiners on the LBMA and LPPM Good Delivery Lists.

Quantifiable outcome

• 6-8 million ounces of gold purchased annually over the past five years
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• RegenerationcoreStrategic or Co-development Partner · 1 January 2024In 2024, Auramet became a Strategic Partner to Regeneration, an international social enterprise that converts mine waste into responsible minerals and turns degraded lands into ecological and community assets. Auramet provides support across a range of activities including project finance strategy, supply chain logistics and site scouting. Other partners include Rio Tinto, Apple, Mejuri, Paul Hastings and CobaltBlue.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Standard Bank Group: Standard Bank runs a leading commodity finance and metals trading franchise out of South Africa and London, several of Auramet's senior staff (James Verraster, Mark Edelstein, Mark Rice) previously worked there. Overlapping customer base and product set at much larger scale.
• Johnson Matthey: Johnson Matthey is a multinational chemicals and PGM-refining specialist with deep automotive catalyst customer relationships. Adjacent incumbent that competes with Auramet for PGM offtake from miners and into industrial/automotive end-users.
• Mitsubishi Corporation RTM: Mitsubishi's precious metals trading arm (long associated with Tanaka/Aida and PGM sourcing) competes directly in the global PGM merchant market Auramet serves. Much larger balance sheet enables broader deal flow but comparable product set.
• Sumitomo Corporation: Sumitomo is a Japanese trading house (sogo shosha) with a precious metals division; Auramet's CFO Mark Edelstein previously worked at Sumitomo. Sells PGMs and other precious metals into industrial customers globally, comparable to Auramet's industrial buyer strategy.

Direct peers

• StoneX Group: StoneX (formerly INTL FCStone) operates a global commodities franchise including physical precious metals trading, hedging, and financing for mining and industrial clients. Public-listed comp that competes with Auramet across the precious metals merchant value chain.
• Gerald Metals: Gerald Metals is a closely-held precious metals merchant offering physical trading, hedging, and financing to mining companies and industrial users. Direct mirror of Auramet's merchant model - the Chairman (James Verraster) previously worked at Gerald before founding Auramet, indicating near-identical business design.
• Heraeus Precious Metals: Heraeus runs a global precious metals trading and refining franchise serving miners, recyclers, and industrial end-users (notably PGM customers). Highly comparable trading-plus-financing model, scaled to LBMA/LPPM Good Delivery refining, overlapping heavily with Auramet's product and customer set.
• Marex Group: Marex is a London-based commodities merchant and broker providing physical and financial metals trading, clearing, and financing. Directly comparable to Auramet in precious metals trading and merchant banking, though larger and now publicly listed.

Emerging players

• Franco-Nevada Corporation: Franco-Nevada is a leading precious metals royalty and streaming investor; Auramet Capital Partners (ACP) overlaps directly with this model at smaller scale targeting junior and mid-tier precious metals and battery metals. Public-listed benchmark for valuing Auramet's ACP subsidiary.
• Wheaton Precious Metals: Wheaton is the largest precious metals streaming company, providing upfront payments in exchange for future metal deliveries - structurally analogous to Auramet Capital Partners' royalty and streaming investments in mid-tier and junior miners, though Wheaton is publicly listed and far larger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/auramet-international

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auramet