The Perth Mint has reported on record demands for its precious metals in 2020-21, making it the State’s third largest exporter behind BHP and Rio Tinto.
The Mint said its pre-tax profit of $56 million on turnover of $26.35 billion was the best recorded in its 122-year history.
Chief Executive Officer of the Mint, Richard Hayes said it had delivered a further $41 million in taxes and dividends to the State Government for the 2020-21 financial year, taking the total paid to Western Australians to more than $230 million over the past decade.
“The Perth Mint refines the vast bulk of newly mined gold from across Australia, transforming it into cast bullion bars and minted precious metal products for sale to investors worldwide,” Mr Hayes said.
“As WA’s mining industry was able to continue operating uninterrupted last year, during the COVID-19 pandemic, the Perth Mint was able to expand its operations, creating 187 new jobs.”
Tabling the Mint’s annual report in Parliament, Minister for Mines and Petroleum, Bill Johnston said it was an outstanding result and a credit to the more than 500 staff who had cemented the organisation’s status as a global leader in precious metals.
“The Perth Mint has exported Western Australian gold to the world for more than a century in a safe, efficient and sustainable manner,” Mr Johnston said.
“It has also become one of the State’s leading employers and a top three exporter,” he said.
The Perth Mint’s 131-page Annual Report 2021 can be accessed at this PS News link.
