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This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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Perth Mint export triumph reflects Australian gold sector growth

Topics [ gold market gold bullion gold bars gold mining ]

The Perth Mint’s success in exporting AUD11 billion worth of gold to China in the past year reflects the increasing significance of the Australian gold sector.

There are currently 66 gold mines operating throughout the country, including 14 of the biggest in the world, according to this Channel 9 News report.

Eleven of those are in Western Australia, the nation’s biggest gold State, where four new mines are also currently under construction.

That adds up to employment for about 25,000 people, around double the number it was 10 years ago.

Processing virtually all of Australia’s newly mined gold, as well as supplies sourced from surrounding countries like New Zealand, PNG, Malaysia and Thailand, takes place at The Perth Mint refinery. As Perth Mint CEO Richards Hayes tells reporter Rebecca John, much of it is made into kilo bars for China, individually worth around AUD55,000 at current prices.



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WA gold resurgence ‘on radar’ of North American and British investment funds

Topics [ Perth Mint Gold gold mining ]

The Western Australian Goldfields region is attracting the attention of overseas investment funds as Australia’s mid-tier gold miners start to outperform their North American counterparts, The Kalgoorlie Miner reported last week.

One of the miners to benefit from US and UK investment funds has been Saracen Mineral Holdings.

Managing director Raleigh Finlayson told The Kalgoorlie Miner it had captured the interest of North American and British funds after this month announcing a seven-year mine life across its Carosue Dam and Thunderbox operations.

 

As the Diggers and Dealers mining forum wrapped up last week Mr Finlayson said companies able to forecast gold mine life of about seven to 10 years had the potential to ‘get on the radar’ of big overseas funds.

Another Western Australian miner, Gold Road Resources, now has 37% of its register held with North American institutions, as well as some UK and European shareholders.

Precious metals have for centuries helped institutional and private investors protect their wealth against fluctuations in the value of other asset classes. Recognised as a ‘safe haven’ and an essential element within a diversified investment portfolio, gold has historically proven to increase in value as alternative assets falter amid market turbulence.

But you don’t need to be a fund manager or even an active private investor to own a stake in Western Australian precious metals.

The Perth Mint, which refines more than 90% of Australia’s newly mined gold, allows investors to start building a precious metals portfolio from as little as AUD 500 plus a standard brokerage charge through Perth Mint Gold (PMG), or AUD 50 a month for bullion.

PMG is structured as a fully paid call option to one hundredth of a troy ounce of physical gold which may be exercised by you at any time.

It trades on the Australian Securities Exchange (ASX) under the code PMGOLD and suits investors who prefer to manage their gold investment within their stockbroking account along with ASX-listed equities and other investments.

PMG has other key benefits:

 • Physically Redeemable. Unlike many gold exchange traded products, PMG can be physically redeemed for any of The Perth Mint’s bullion coins and bars.

 • Government Guaranteed. PMGs are issued by Gold Corporation (trading as The Perth Mint), a statutory authority of the Government of Western Australia. The liabilities of Gold Corporation are guaranteed under the Gold Corporation Act 1987, an Act of the Western Australian Parliament.

 • Fully Backed. PMGs are 100% covered by gold owned by The Perth Mint.

 • Low Management Fee. PMG’s management fee has been held at 0.15% pa since 2004, one of the lowest fees worldwide for a gold exchange traded product.

 • Guaranteed Market. The Perth Mint, via its Market Maker, will ensure PMG tracks the price of gold by maintaining reasonable bid and offer prices and volume on the ASX at all times, in accordance with ASX rules.

 • Convenient. Trade PMGs through your stockbroker with the same ease and convenience as investing in shares. PMG trades on the ASX under the code PMGOLD and can be purchased by investors on the Australian Stock Exchange.

The Perth Mint also offers three investment and storage solutions for the many investors who prefer to buy physical gold, silver and platinum.

One of these is Perth Mint Depository Online. PMDO accounts are free to set up and keep open until you are ready to buy some bullion. You can then start your precious metals investment with a minimum transaction of just AUD 50. With a PMDO savings plan you can build your wealth with automatic deductions each month.

For information more information about our choice of investment options, visit The Perth Mint website.

Read the PMGOLD product disclosure statement here.

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Inaugural Gold Industry Group networking event at The Perth Mint

Topics [ gold market gold refining gold mining ]

GOLD INDUSTRY GROUP

The Western Australian Gold Industry Group held its inaugural industry networking event last night in the historic surroundings of The Perth Mint’s original melting house.

Addressing some 90 members, Perth Mint CEO and Gold Industry Group Chairman Richard Hayes emphasized the organisation’s value in providing a unified voice for the industry. He said not only were its activities aimed at promoting gold across Australia and beyond, but “also engaging and educating our community on the contribution and value that this industry brings to society.”


Richard Hayes addressing the Gold Industry Group’s inaugural industry networking event at The Perth Mint.

Making a significant contribution to the economy, Western Australia’s gold sector is responsible for 6% of the world’s total output. Gold Industry Group members provide opportunities throughout the entire value chain - from exploration and mining, through to refining, fabrication and distribution.

“By supporting and educating our community and building relationships, we can make a difference to ensure a strong and sustainable future for Australia’s gold industry,” Mr Hayes said.

Also in attendance at The Perth Mint venue, Minister for Mines and Petroleum, the Honourable Sean L’Estrange MLA congratulated members for their collective efforts to promote the gold industry. “Gold is a sector that is incredibly important to the State of Western Australia and it's fantastic you’ve come together as an organisation to share your experiences and ideas,” he said.



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The Quest For Conflict-Free Metals Continues

Topics [ gold market gold refining gold refinery gold mining ]

CONFLICT-FREE METALS

Concerned consumers, organisations, and governments around the world continue to shine a light on conflict minerals. These tainted commodities are traded by private armed groups for monetary gain to finance civil conflicts and violence which contribute to the violation of human rights. Thus, the quest for ‘responsible’ and ethically sourced minerals is becoming more and more prevalent.

Conflict minerals, which can include gold ore, are smuggled out of countries such as the Democratic Republic of the Congo, and parts of Afghanistan, Columbia, and Zimbabwe, and shipped to smelters around the world for refinement. Once processed, it is near impossible to trace their origin. These minerals then enter global supply chains and end up being used in many applications, including popular consumer products such as mobile phones, televisions, laptops, and jewellery.

 

As companies become increasingly aware of the adverse effects of buying conflict minerals they are endeavouring to examine and investigate their supply chains, conducting due diligence in an effort to ensure they source their minerals responsibly, thus preventing conflict minerals from entering global markets.

The Perth Mint is one such company that has implemented a Conflict Metals and Supply Chain Policy.

Operating one of the largest gold refining operations in the world, The Perth Mint is committed to boycotting conflict gold and other minerals, with its supply chain due diligence systems and procedures compliant with the ‘responsible’ gold guidelines presented by the London Bullion Market Association (LBMA) and the Organisation for Economic Cooperation and Development (OECD).

In 2012, The Perth Mint also became one of the world’s first three gold refiners to be certified under the internationally recognised Conflict-Free Smelter Program (CFSP) developed by the Electronic Industry Citizenship Coalition and Global Sustainability Initiative (EICC) and Global e-Sustainability Initiative. The voluntary program provides credible third-party valuation of a smelter’s procurement activities to verify that the refiner can be deemed conflict-free.  

In addition to refining the majority of Australia’s newly mined gold, The Perth Mint also processes gold doré from surrounding countries, and jewellery scrap from Australia and Asia, and thus acknowledges it is extremely difficult to determine the origins of all recycled, second-hand or scrap gold.

“We are aware that gold mined in conflict countries has the potential to indirectly make its way to our refinery, so we are vigilant in our investigations into the credibility of our sources,” said Perth Mint Chief Operating Officer, David Woodford.

A positive assessment under the Conflict-Free Smelter Program’s authentication protocols gives Perth Mint customers assurance that the gold which passes through its refining facility is obtained from trustworthy sources.

Operating a fully integrated precious metals business, the refining of gold is the initial stage in the production of The Perth Mint’s extensive range of bullion, commemorative and industrial products.  With its activities and the quality of its products and services guaranteed by the Government of Western Australia, its ban of conflict metals is vital to its success. 

“With increasing institutional and private ownership of gold in the form of bullion bars and coins, the issue of conflict minerals is paramount for our investors, so we want to be sure we are providing them with socially responsible products,” he continued.

Today, there are now 80 conflict-free gold refiners across the world, which are recognised by the CFSP.

This article was originally published by The Gold Industry Goup, the independent industry body which promotes the importance of the gold sector in Australia.



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Who Are The Top Gold Producing Countries?

Topics [ how to buy gold gold mining ]

RESEARCH AND ANALYSIS

According to this infographic from American Bullion Inc, world gold production in 2014 totalled 2,860 tons. Here are the top 10 producers by nation:

View the full infographic here.



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Infographic - Unearthing The World’s Gold Supply

Topics [ gold prices buy silver bullion online buy gold bullion online gold mining ]

RESEARCH & ANALYSIS

Where does gold come from and how much is actually left? Check out Part 2 of the Gold Series of infographics from Visual Capitalist.



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