Perth Mint Silver Bullion Sales Pick Up in January

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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.

Perth Mint Bullion Sales (in troy ounces)
  Silver Gold
January 2021 1,162,884 76,103
December 2020 941,767 76,806
November 2020 1,119,296 84,158
October 2020 1,228,713 38,367
September 2020 1,677,383 62,637
August 2020 1,431,036 67,462
July 2020 1,567,900 56,104
June 2020 1,573,752 44,371
May 2020 997,171 63,393
April 2020 2,123,121 120,504
March 2020 1,736,409 93,775
February 2020 605,634 22,921
January 2020 1,450,317 48,299
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