Terms of service

Current Terms and Legal Disclaimer
Processing:
Upon receipt and acceptance, Premier Precious Metals (the “Company”) is authorized to weigh, process, melt, burn, and assay any materials containing precious metals (the “Material”). The results provided by the Company shall be binding for purposes of yield and final settlement. Customers may request representation prior to processing certain materials. This agreement constitutes the purchase of Material with price terms to be determined at settlement.

Refining Fees:
Processing fees vary based on the type of Material received and are subject to a minimum fee per shipment. Detailed fee schedules are available upon request and are set by the Company. The Company reserves the right to offset any liabilities or obligations owed by the customer against any amounts payable by the Company to the customer, converting metal to money or vice versa at current market values as of the date of set-off, including fees and other charges.

Deleterious Elements:
Customers must notify and obtain approval from the Company prior to shipping any Material containing the following elements:

  • Arsenic (As)

  • Beryllium (Be)

  • Bismuth (Bi)

  • Cadmium (Cd)

  • Mercury (Hg)

  • Antimony (Sb)

  • Selenium (Se)

  • Tellurium (Te)

  • Medical waste

Failure to do so may result in:
(a) Return of Material to the customer at the customer’s expense, and/or
(b) Handling fees up to $5,000 CAD/USD.

Settlement:
Settlement payments will be based on the Company’s prevailing rates on the settlement date, referencing daily market prices.

Settlement timing is subject to the Company’s volume, production capacity, and Material complexity. Settlement constitutes the establishment of price terms and occurs after processing in accordance with the Company’s metal accountability standards.

Method of Payment:
Payments are typically made by Direct Deposit, E-Transfer or PayPal. If alternative payment methods are requested, such arrangements must be agreed to in writing prior to receipt of the Material. In such cases, an invoice or credit memorandum will be issued on the settlement date, and payment will be made via precious metals of equivalent value, less applicable fees or set-offs.

Limitation of Liability:
By shipping Material, the customer represents and warrants ownership or authorized agency with the right to transfer clear title to the Company, free of liens or encumbrances. The Company is not liable for incidental or consequential damages or expenses arising from processing, shipment, or any subsequent sale or use of metals received.

Agreement and Modification:
These Terms and Conditions constitute the entire agreement between the Company and the customer, superseding all prior communications. No modification or waiver shall be effective unless in writing and signed by an authorized Company representative. Premier Precious Metals reserves the right to modify these Terms and Conditions or any fee schedules at any time without prior notice.

Applicable Law and Severability:
These Terms and Conditions shall be governed by the laws of Canada for Canadian customers. Customers will be responsible for all costs, including reasonable attorney’s fees, incurred by the Company in enforcing these Terms. If any provision is found invalid, the remainder shall remain in full force and effect.