Legendary refiner Johnson Matthey has sold its gold & silver refining business to a Japanese company for $186 million. It is the end of 162 years of tradition for JM and their vintage bars are sure to increase in collector value over time due to their reputation and quality. JM will continue the other aspect of its business unchanged, with continued focus on chemistry and high technology. Asahi will keep the Salt Lake City and Toronto refiners open and continue to produce 100oz bars bearing the Asahi hallmark.
Read the story here in Coinweek:
Official statement from JM: