Perth Mint Bullion Sales Slow in First Half of 2017

2017 Australia Kookaburra 1oz Silver Bullion Coin
CoinNews photo of a 2017 Australia Kookaburra 1oz Silver Bullion Coin

Australian bullion demand was mixed last month, according to the latest sales figures from The Perth Mint of Australia.

June sales of silver bullion ran the quickest in five months but the sales pace of gold bullion slowed to rank the month as the fourth lowest in a year.

Bullion sales in the first half of the year, for both gold and silver, fell sharply compared to the same period last year.

Bullion Sales in June 2017

The Perth Mint sold 19,259 ounces in gold coins and gold bars last month, marking declines of 35.1% from May and 38.6% from June of last year. Just two months earlier, gold sales at 10,490 ounces registered at their weakest level since CoinNews started tracking The Perth Mint’s data in February 2013.

Gold sales through the first half of 2017 reached 176,662 ounces, down 24.1% from last year’s starting six-month total of 232,715 ounces.

Perth Mint sales of silver bullion totaled 1,215,071 ounces in June, jumping 47% from the previous month but sliding 0.5% from June 2016.

Silver sales through the first half of the year total 4,960,207 ounces, dropping 35% from last year’s January to June total of 7,636,156 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from June 2016 to June 2017. 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
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
January 2017 1,230,867 72,745
December 2016 430,009 63,420
November 2016 984,622 54,747
October 2016 1,084,231 79,048
September 2016 1,031,858 58,811
August 2016 376,461 14,684
July 2016 693,447 16,870
June 2016 1,220,817 31,368


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