Electrum
From Dwarf Fortress Wiki
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Electrum bars can be made at a smelter by a dwarf with the furnace operating labor activated.
One gold bar and one silver bar, or one gold nugget and one silver ore (but not a mix of bars and ore), produces two electrum bars. Smelting bars together gains you no net value, as you use a value 30 and value 10 material to produce two units of value 20, but smelting the ore directly saves you two units of fuel if you don't have access to magma. Moreover, low-value galena or tetrahedrite ore can be substituted for native silver or horn silver, producing more value overall than would be generated from smelting the ores separately.
