Ore concentrate, dressed ore or simply concentrate is the product generally produced by metal ore mines. The raw ore is usually ground finely in various comminution operations and gangue (waste) is removed, thus concentrating the metal component.
Bullion refers to gold and silver that is officially recognized as being at least 99.5% pure and is in the form of bars or ingots rather than coins.
Refined Metal means gold, silver, lead, copper, zinc, platinum group or other marketable metals produced from Minerals and refined to standards meeting or exceeding commercial standards for the sale of such refined metals.