The invention relates to a preparation method of a low-toxic environment-friendly type novel precious metal beneficiation agent. Raw materials of the low-toxic environment-friendly type novel precious metal beneficiation agent comprise a cyanate, sodium hydroxide, sodium sulfate, sodium ferrocyanide, a bromide, and a lead salt. The preparation method comprises following steps: sodium cyanate, sodium hydroxide, sodium sulfate, and sodium ferrocyanide are mixed at a certain ratio; an obtained mixture is delivered into a smelting pot which is heated to be slightly red, and is heated to 650 to 750 DEG C so as to obtain a fused material, temperature is maintained to be 750 DEG C for 30 to 50min of reaction, and then an obtained product is collected and cooled; the obtained product is smashed, the bromide and the lead salt are added for stirring, and the environment-friendly type precious metal beneficiation agent is obtained via combination. The environment-friendly type precious metal beneficiation agent can be widely used for precious metal beneficiation metallurgy of nonferrous metals ores, contains no hypertoxic compounds, is safe for human and animal, and is friendly to the environment. Compared with other metal beneficiation agents, the environment-friendly type precious metal beneficiation agent is excellent in effects, stable in performance, and low in production cost; the preparation method is simple; and environmental protection can be realized.