Perth Mint Silver Bullion Sales Pick Up in January

Australian bullion sales in January were steady for products minted in gold and strong for those made from silver, the latest round of figures from The Perth Mint of Australia show.

The Mint’s bullion gains were set against mixed precious metals with LBMA prices in January down for gold and up for silver.

Bullion Sales in January 2021

Perth Mint sales of silver coins and silver bars totaled 1,162,884 ounces, jumping 23.5% from the prior month while sliding 19.8% from January of last year.

General Manager Minted Products, Neil Vance, said maintenance issues that previously restricted manufacturing capacity had unwound during the month. "January was a better month for coin production at The Perth Mint. Even so, we are still selling everything that we can currently make in silver," he said.

"We also focused on re-building stocks of our main gold bullion coins following strong sales in November and December," he added.

January sales of the Mint’s gold coins and gold bars tallied to 76,103 ounces, easing 0.9% from December while climbing 57.6% from January 2020.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from January 2020 to January 2021. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.