Artisanal miners need to sell their ore to licensed processing facilities. Owners of licensed facilities with experience as mineral buyers can make money by safely and economically processing feed for artisanal miners through toll milling.
How the model works:
- Test and select ores from artisanal miners to see what is worth purchasing
- Buy ores from a variety of miners and build relationships.
- Prices are set at time of purchase and are at discount to market.
- Process ore shortly after and sell gold back to the market.
The Case For Toll Milling In Peru
Infographic source: Montan Mining