Page 26 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

Perth Mint Gold Bullion Perth Mint Bullion Sales (in troy ounces)
Sales Drop in February Silver Gold

February 2023 1,484,936 52,241
According to data
from The Perth January 2023 1,233,344 64,395
Mint of Australia, December 2022 1,634,751 60,634
sales of Australian
bullion increased for silver products in February but November 2022 1,315,293 114,304
decreased for gold products to their lowest level since October 2022 1,995,350 183,102
October 2020. 52,241 ounces of struck gold were sold September 2022 2,579,941 88,554
at the Perth Mint in February, a decrease of 18.9%
from January and a rise of 28.1% from February of the August 2022 1,655,334 84,976
previous year. The sales volume for the month was the July 2022 2,465,513 79,305
lowest since 38,367 ounces in October 2020.
June 2022 1,523,765 65,281
Gold Bullion Sales from the Perth Mint in February May 2022 2,217,582 98,515
2023 April 2022 2,119,491 80,941
52,241 ounces of coined gold were sold in total in
February, a decrease of 18.9% from January and March 2022 1,649,634 121,997
28.1% from February of the previous year. The sales February 2022 1,632,323 72,651
volume for the month was the lowest since 38,367
ounces in October 2020.
Sales of American eagle for February 2023
According to data from the United States Mint, sales
According to Neil Vance, general manager of mint
products, "although nevertheless robust in historical of American eagle gold and silver bullion in February
terms, the outcome to some extent reflected the fact were much lower than those in January and in the
that we did not launch any new gold investor coins same month a year prior. Additionally, when compared
during the month." The 116,636 ounces of gold sold by to the same period in 2022, their year-to-date sales
the Perth Mint so far this year are 16.3% less than the have been worse. With reductions of 65.1% from
139,360 ounces sold during the same period last year. 163,500 ounces in January and 36.3% from 89,500
ounces in February 2022, the aggregate weight of
American eagle gold bullion coins increased by 57,000
Silver Bullion Sales from the Perth Mint in February
2023 ounces in February.
The Mint sold 1,484,936 ounces of silver in February,
a 20.4% rise from January but a 9% decrease from The 220,500 ounces they have sold so far this year
February 2022. "With all of the available press time are 18.6% less than the 271,000 ounces they sold
being used throughout the time frame, silver sales in the first two months of the previous year. Sales of
saw an uptick. The Mint despatched everything it American eagle silver bullion increased by 900,000
manufactured in February as a result "the Mint said. ounces for the month, however, they were down from
3,949,000 ounces in January and 1,500,000 ounces in
February 2022, respectively, by 77.2% and 40%. For
Approximately 2,718,280 ounces of silver have been
sold so far this year, which is 33.4% less than the the year, their sales at 4,849,000 ounces are 25.4%
4,019,488 that were sold in the first two months of last lower than the 6,501,000 ounces delivered through the
year. same period last year.

Source- Kitco.com, open source.
Monthly Gold and Silver Sales from the Perth Mint
The Perth Mint's bullion sales for the months of
February 2022 and February 2023 are summarised
below each month. The statistics reflect the monthly
ounces of gold and silver that The Perth Mint shipped
as coined goods to wholesale and retail customers
around the world. Sales of cast bars and other Group
activities, such as those of allocated or unallocated
precious metal for the Depository's storage, are not
included.

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