MKS PAMP GROUP Expands Silver Production Capabilities to North America
PAMP 1oz Silver Round Buffalo
PAMP
London – June 6, 2024 - MKS PAMP GROUP, a leading precious metals group, expands its silver production capabilities to address the growing demand for silver-minted products across North America.
Based in Hollywood, Florida – the mint – previously an aviation hangar with a surface area of 26,000 sqft has been repurposed into a facility capable of reaching an initial production volume of over 20 million ounces yearly with capacity for expansion. The mint pairs PAMP craftsmanship with the latest minting technological prowess to produce PAMP silver products, such as 1oz fine silver rounds and 1oz and 10oz bars, with a purity ranging from 999.0 to 999.9 fineness.
Swiss excellence. Minted in the USA
The Hollywood Florida mint team consists of leading minting experts committed to the highest quality standards who build upon the 47 years of experience of the MKS PAMP mint based in Ticino, Switzerland. With health and safety and quality control as pillars of the organization’s key principles, the team’s diligence is applied throughout the production process to guarantee the safeguarding of its employees and optimal product quality. Silver will be sourced to ensure responsible supply chain practices by adhering to the stringent MKS PAMP GROUP Responsible Precious Metals Policy – underpinned by the LBMA Responsible Gold/Silver Guidance.
“Our ambition is to add value to each of our products and services with the aim of exceeding the quality and service expectations of an increasingly demanding clientele and to set new standards in our industry. This new facility is in line with our group corporate strategy of enhancing our capabilities and our production capacity in the North American silver market,” says Marwan Shakarchi, CEO – of MKS PAMP GROUP.
Initially launching with the Buffalo and PAMP silver rounds, PAMP silver products produced in the USA bear the iconic PAMP hallmark, registered by the Swiss Federal Bureau and feature a discreet USA mint mark. “As highlighted in our recent World Silver Survey, and for the third in a row now, silver demand greatly exceeded supply in 2023 - we welcome the opening of this new facility in North America that will serve investors and coin collectors,” concludes Michael DiRienzo, President & CEO – The Silver Institute.
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