The Perth Mint Bullion sales slow in February, demand for Silver lower but solid

Demand for Australian bullion products slowed in February from the previous month but grew from a year earlier, according to the latest figures from The Perth Mint of Australia. The Mint’s silver bullion sales, while lower, were solid.

Gains registered against falling precious metals with LBMA prices in February down 2% for gold and 4.6% for silver.

Bullion Sales in February 2018

The Perth Mint’s sales of gold coins and gold bars accumulated to 26,473 ounces in February, slipping 28.8% from January but 4.8% higher than the same month a year earlier.

Year to date gold sales at 63,647 ounces are 35.1% lower than the 98,002 ounces delivered in the first two months of last year.

February sales of silver coins and silver bars totalled 992,954 ounces, growing 97.7% from February 2017 but sliding 7% from January when demand hit a six-month high. Last month’s total was the fourth highest in the last 12 months and the second highest since July.

Perth Mint silver sales tally to 2,060,315 ounces for the year so far, up 18.9% from last year’s starting two-month total of 1,733,220 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from February 2017 to February 2018. 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.

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
February 2018 992,954 26,473
January 2018 1,067,361 37,174
December 2017 874,437 27,009
November 2017 544,436 23,901
October 2017 999,425 44,618
September 2017 697,849 46,415
August 2017 392,091 23,130
July 2017 1,167,963 23,675
June 2017 1,215,071 19,259
May 2017 826,656 29,679
April 2017 468,977 10,490
March 2017 716,283 22,232
February 2017 502,353 25,257

About the Perth Mint

The Perth Mint opened in 1899 in response to the discovery of rich gold deposits in Coolgardie and Kalgoorlie. It was Australia’s third branch of Britain’s Royal Mint – the others being the Sydney Mint and the Melbourne Mint

http://www.perthmint.com/

Perth Mint’s January Gold Sales Surges 38%, Silver Jumps 22%

The Perth Mint’s sales of gold and silver products rose in January from the previous month, the mint said in a blog post on its website on Thursday.

2018 Silver Bullion Perth Mint Australia Silver

Perth Mint’s Gold Sales Surges 38%, Silver 22%

Sales of gold coins and minted bars surged about 38 percent to 37,174 ounces in January from 27,009 ounces a month ago, the mint said. However, gold sales nearly halved in January compared with the same month last year.

Silver sales in January jumped 22 percent month-on-month to 1,067,361 ounces, the highest since July. However, sales were down 13 percent compared with the same time last year.

2018 Silver Bullion Perth Mint Australia Silver

The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world’s second-largest gold producer after China. Spot gold prices rose 3.2 percent in January.

           Period         Gold (oz)     Silver (oz)
        (year-month)                 
          2018-Jan         37,174       1,067,361
          2017-Dec         27,009         874,437
          2017-Nov         23,901         544,436
          2017-Oct         44,618         999,425
         2017-Sept         46,415         697,849
          2017-Aug         23,130         392,091
         2017-July         23,675       1,167,963
         2017-June         19,259       1,215,071
          2017-May         29,679         826,656
        2017-April         10,490         468,977
        2017-March         22,232         716,283
          2017-Feb         25,257         502,353
          2017-Jan         72,745       1,230,867
          2016-Dec         63,420         430,009
          2016-Nov         54,747         984,622
          2016-Oct         79,048       1,084,213
         2016-Sept         58,811       1,031,858
          2016-Aug         14,684         376,461
         2016-July         16,870         693,447
         2016-June         31,368       1,220,817
          2016-May         21,035         974,865
        2016-April         47,542       1,161,766
        2016-March         47,948       1,756,238
          2016-Feb         37,063       1,049,062
          2016-Jan         47,759       1,473,408