The Perth Mint has achieved a historic milestone, recording more than $40 billion in exports of bullion and minted products this financial year.
The result comfortably surpasses the previous record of $31.3 billion and has cemented The Perth Mint’s position as Western Australia’s third largest exporter by value, behind only iron ore and liquefied natural gas.
The achievement reflects surging global demand for high-quality, sustainably sourced precious metals at a time when investors worldwide are turning to gold and silver as trusted stores of value.
Every product contributing to the record, from investment-grade bullion to intricately designed minted coins, was manufactured at The Perth Mint’s Hay Street facility in Perth.
The operation supports approximately 800 local jobs, including highly skilled roles in design, manufacturing and technical services, directly aligning with the Western Australian government’s Made in WA agenda to grow advanced manufacturing employment in the state.
Australia’s only government-backed precious metals refinery, The Perth Mint refines approximately 70 per cent of all gold mined in Australia.
Its role as a trusted partner for miners is underpinned by rigorous quality control, robust transparency mechanisms and a guaranteed ability to pay miners on delivery of gold doré, providing certainty at every stage of the supply chain.
With more than 126 years of history and the backing of the state government, The Perth Mint is owned by the people of WA and operates as a cornerstone of Australia’s resources and export economy.
In a further sign of the organisation’s growing profile, The Perth Mint welcomed more than 300,000 visitors to its Hay Street premises this financial year, reinforcing its status as one of Perth’s most popular tourist attractions.
Mines and Petroleum Minister David Michael welcomed the record result, highlighting the global standing of Western Australian craftsmanship.
“The Perth Mint’s record export performance reflects strong global demand for its products and its established position in international markets,” said Minister Michael.
“High quality and sustainable minted products are a prime example of Made in WA and critical to WA’s economic contribution as a net exporter of resources and precious metals.
“As a trusted refiner for Western Australian and Australian gold, The Perth Mint is central to industry access to global markets and the ability to mine precious metals.”
Perth Mint Chief Executive Officer Paul Graham said the record underscores the organisation’s vital role in supporting the broader gold mining industry and the state economy.
“The Perth Mint is a net exporter of bullion and minted products,” said Graham.
“We are proud to support approximately 800 local jobs, including highly skilled design and manufacturing roles.
“The State Government Guarantee provides certainty for Australian gold miners who refine with The Perth Mint, indirectly supporting thousands of jobs.”
The record export figure positions The Perth Mint as one of Australia’s premier advanced manufacturing success stories.
