In December, Australian bullion sales picked up nicely for products struck in silver but slowed significantly for those minted in gold, according to the latest figures from The Perth Mint of Australia.
Across 2022, the Mint’s bullion sales raced a second year in a row for silver and gold. Their annual sales tracked the highest for a year since CoinNews started collecting the data in 2013.
The Mint’s bullion gains set against precious metal prices that rallied in December — by 3.4% for gold and 11.1% for silver, and divided in 2022 — down 0.4% for gold but up 3.7% for silver.
December and Annual 2022 Gold Bullion Sales
Perth Mint December sales of minted gold coins and gold bars totaled 60,634 ounces, registering a decline of 47% from November but an increase of 10.5% from December 2021.
Of note, the Mint’s best month ever for gold bullion happened in October 2022 when their sales reached 183,102 ounces. For some comparisons that highlight the achievement, the next three highest sales months are: March 2021 at 130,730 ounces, February 2021 at 124,104 ounces, and March 2022 at 121,997 ounces.
The Perth Mint’s annual 2022 gold bullion sales at 1,116,969 ounces mark increases of:
- 6.4% from the 1,050,242 ounces in 2021,
- 43.4% from the 778,797 ounces in 2020,
- 186.8% from the 389,463 ounces in 2019,
- 177.8% from the 402,049 ounces in 2018,
- 205.7% from the 365,410 ounces in 2017,
- 114.7% from the 520,295 ounces in 2016,
- 145.1% from the 455,630 ounces in 2015
- 116.2% from the 516,709 ounces in 2014, and
- 48% from the 754,636 ounces in 2013.
December and Annual 2022 Silver Bullion Sales
Perth Mint December sales of minted silver coins and silver bars totaled 1,634,751 ounces, posting an increase of 24.3% from November yet a decline of 5.7% from December 2021.
General Manager Minted Products, Neil Vance said that after an extremely strong year, sales of gold bullion products took a breather during December, impacted by less trading days due to Christmas public holidays. "With less going on in gold, we managed to ship more than expected silver following the release of our internationally popular Australian Kookaburra 2023 Silver Coin Series in late November," he said.
2022 was exceptional for the Mint’s silver bullion with several high sales months, including all-time monthly rankings of second in September at 2,579,941 ounces, third in July 2022 at 2,465,513 ounces, fourth in January 2022 at 2,387,165 ounces, and fifth in May 2022 at 2,217,582 ounces. (The Mint’s strongest month for silver was September 2015 at 3,349,557 ounces.)
The Perth Mint’s annual 2022 silver bullion sales combined to 23,176,142 ounces, scoring increases of:
- 21.4% from the 19,091,681 ounces in 2021,
- 40.9% from the 16,452,490 ounces in 2020,
- 100.3% from the 11,573,602 ounces in 2019,
- 150.7% from the 9,243,058 ounces in 2018,
- 140.5% from the 9,636,408 ounces in 2017,
- 89.4% from the 12,236,766 ounces in 2016,
- 99.9% from the 11,595,504 ounces in 2015
- 206.3% from the 7,567,467 ounces in 2014, and
- 168% from the 8,647,862 ounces in 2013.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from December 2021 to December 2022. 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)|