LSE - London Stock Exchange plc
LSE - London Stock Exchange plc
05/15/2024 | News release | Distributed by Public on 05/15/2024 10:05
London Stock Exchange welcomes Zipa Precious Metals Plc launching the SMO Physical Gold ETC
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London Stock Exchange welcomes Zipa Precious Metals Plc launching the SMO Physical Gold ETC
London Stock Exchange welcomes Zipa Precious Metals Plc launching the SMO Physical Gold ETC
Posted: 15 May 202415 May 2024
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The SMO Physical Gold ETC (BARS LN) is designed to provide efficient exposure to gold whilst ensuring that the underlying gold is of the highest standards.
The SMO Physical Gold ETC sets the bar higher as it is backed only by gold from a small number of mines that meet the highest environmental, social and governance standards.
Mines are screened and monitored by an independent third party, Single Mine Origin (SMO) Ltd. At every stage of its journey, from the mine to the ETC custodian, the gold is segregated and monitored, meaning that the gold is fully traceable, with that traceability come accountability.
On behalf of Zipa Management and the issuer, SMO conducts detailed due diligence and monitors a range of important environmental and social metrics, from greenhouse gas emissions and tailings waste to workplace health & safety and local employment opportunities.
Importantly, SMO mines commit to providing social, cultural and economic benefits to their local communities as well as reducing any negative impacts.
- Mining company complies with World Gold Council Responsible Gold Mining Principles or equivalent, plus strict non-negotiable governance criteria
- Mine complies with rigorous environmental and social standards
- Mine undergoes regular site visits and independent audits
- Mine provides social and environmental support to its local community
- Refiner complies with LBMA Responsible Gold Guidance
- Entire supply chain is monitored and recorded
- Gold is segregated at every stage and fully traceable
More information is available at www.zipa.co or www.tabulaim.com
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London Stock Exchange welcomes Zipa Precious Metals Plc launching the SMO Physical Gold ETC
The SMO Physical Gold ETC (BARS LN) is designed to provide efficient exposure to gold whilst ensuring that the underlying gold is of the highest standards.
The SMO Physical Gold ETC sets the bar higher as it is backed only by gold from a small number of mines that meet the highest environmental, social and governance standards.
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