GENEVA – 19th December 2024 – MKS PAMP announces the introduction of a new design layout for its range of ‘PAMP gold cast bars’. This new bar design layout features an engraved QR code, uniquely conceived within MKS PAMP’s pioneering Bullion Smart Production (BSP) system. Effective January 1, 2025, this advancement enhances cast bar integrity and security features, in line with MKS PAMP’s continuing commitment to innovation and sustainability.

Key Highlights:

• Starting January 1, 2025, MKS PAMP gold cast bars will feature engraved QR codes, applicable to the gold cast bars product range, including the 1 Kg, 500g, 250g, 10 Tolas, 100g, and 50g gold cast bar. 
• The bar’s unique QR code links to the product’s secured digital certificate of authenticity.
• Developed by MKS PAMP, BSP is an advanced AI-powered system that leverages neural networks to optimize cast bars’ integrity, security features, and data tracking.
• BSP drives significant reductions in energy consumption and integrates ESG principles into every step of the production process.

Enhancing Bar Integrity and Security with Advanced Technology

The bar’s unique QR code links to the product’s secured digital certificate of authenticity and is created through BSP’s advanced technology, adding another layer of bar security to further MKS PAMP’s efforts against counterfeiting.

BSP represents a leap forward in product integrity, as the system ensures automated internal traceability in MKS PAMP’s manufacturing process, from refined gold grain to the finished product, in this case, PAMP gold cast bars.

BSP’s neural networks capture a discreet set of data points for each bar in real-time and seamlessly store them in a secured centralized master data repository system, guaranteeing complete security and integrity.

Integrating Sustainability at Every Step

Aligned with MKS PAMP’s sustainability strategy, this innovation integrates ESG principles into every step of the production process:

• Energy Efficiency: with BSP, MKS PAMP has reduced energy consumption for cast bars production by 58.33%.
• Transition to Digital Certificates: By June 30, 2025, paper certificates for this range of cast bars will be fully phased out, replaced with digital certificates to further minimize environmental impact.

This innovation marks a significant milestone in MKS PAMP’s manufacturing process. In line with its continuous commitment to innovation and sustainability, this advancement further demonstrates MKS PAMP’s dedication to delivering the highest standards of quality and integrity in precious metals, while meeting the evolving needs of its stakeholders.

Ends.

Notes to editors:

For further enquiries, please contact:
E: info@mkspamp.com
T: +41 22 818 52 00

About MKS PAMP

MKS PAMP is a precious metal market leader providing financial and physical trading services and operating a state-of-the-art precious metals refinery and mint. With a global footprint and over 60 years of experience in the precious metals industry, MKS PAMP – part of the MKS PAMP GROUP – is dedicated to creating a sustainable future with precious metals products and services. The company offers the world’s most extensive range of durable, innovative, and responsibly sourced precious metal products and services. The company builds on leading artisan savoir-faire and Swiss engineering to manufacture a wide range of products in all four precious metals and in various forms, and provides precious metals services such as trading, refining, vaulting and storage, treasury, and mine financing.

Still managed by the founding family, MKS PAMP is an advocate for long-term thinking, responsible sourcing, sustainability, and ethics, working closely with its stakeholders to set the highest codes of conduct in the industry. MKS PAMP developed Provenance™, a traceability solution that utilizes blockchain to trace precious metals along the supply chain and guarantee responsible sourcing globally. MKS PAMP aims to create value by leveraging its technical expertise, innovations, and global infrastructure to be an indispensable global partner and the most sustainable organization in the precious metals industry.