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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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