The entity behind the bridge.
ExCom Limited is a Malta-incorporated, title-taking trader of gold and silver doré — sourcing material directly from producers across Latin America and Europe, and releasing refined metal through LBMA-aligned refineries in the EU and the Middle East. Settlement is executed against LBMA AM/PM benchmarks within a 14-day fix window, with full chain-of-custody documentation and counterparty due diligence on every lot. The work runs on the ExCom Trading Platform — a single internal operating system that doubles as a counterparty execution bridge for producer and refinery hedging.
Statutory identity.
The corporate facts. Held to audit. Provided here to shorten counterparty due-diligence cycles.
One entity. Trading, capital, operations, and compliance under one roof.
ExCom is not a holding structure or a federation of arms. It is a single trading entity that carries title, capital, and compliance on the same balance sheet — the simplest configuration for the work it does.
Title-taking on the bridge
ExCom buys raw material at origin, carries it under its own balance sheet, and liquidates against LBMA fix benchmarks. Every lot is documented from FPA through wheels-up, vault-in, assay-exchange, and settlement.
Working capital, internally held
The capital that funds sourcing and carries fix-window exposure is ExCom's own — sized to the pipeline, calibrated against position and concentration limits, held with first-tier banking counterparties.
Logistics, custody, assay
Routing, insurance, custodial-chain documentation, and assay-exchange protocols are run in-house against pre-agreed counterparty terms. Vault-in and outturn confirmations are hard gates, not service requests.
Independent function, same entity
Compliance reports independently of trading and signs off on every counterparty onboarding and re-certification. The OECD five-step framework and FATF-aligned AML protocols are operationalised at the lot level.
ExCom is led by a founding team whose combined background covers the full precious metals value chain — from mining and exploration through doré trading, refinery onboarding, and commercial execution.
Our experience spans years in mining and exploration across the United States, Canada, and Latin America, and the transition from production into refining and the commercial side of precious metals — giving us direct producer relationships across the Andean region. Together we bring more than fifteen years in precious metals operations, with hands-on refinery and counterparty management and the structuring of cross-border supply chains under a compliance framework aligned with LBMA and the OECD Due Diligence Guidance. The team also carries significant commercial-finance experience and deep operating knowledge of the refining sector — the disciplines that govern how precious metals are funded, priced, and converted into deliverable bar.
Operations are run with the discipline expected by institutional counterparties: written contracts, documented assay reconciliation, secured logistics, and transparent pricing from origin to refined bar.
Operating discipline, written down.
Governance is treated as substance, not signal. Frameworks below are operationalised across the trading lifecycle — captured in Forward Purchase Agreements, custody documentation, audit logs, and counterparty due-diligence files.
Independent oversight
Board approves counterparty onboarding above thresholds, sets exposure limits per producer and per refining jurisdiction, and reviews quarterly compliance and risk reports.
Limit framework
Position, concentration, jurisdiction, and counterparty limits set ex-ante. Daily mark against LBMA fix; intraday risk against spot. Stress tests run weekly.
Independent function
Compliance reports independently of trading. Sign-off required on all counterparty onboarding and re-certification. Suspicious-activity protocols documented and audited.
External attestation
Annual financial statements audited by KPMG Malta. Operational and compliance audits commissioned independently. Findings reported to board and made available to counterparties under NDA.
Capital allocation
Working capital sized to cover sourcing pipeline plus fix-window exposure. Cash held with first-tier banking counterparties. Currency and metal exposure managed against tolerance bands.
End-to-end ledger
Every lot tracked from FPA through fix and settlement on the ExCom Trading operating system. Full chain-of-custody documentation retained per regulatory and counterparty requirements.
ExCom does not market itself to retail audiences. The entity speaks to refineries, producers, banks, hedging counterparties, and auditors — peer-level, technical, written down.