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Perth Mint Silver Bullion Sales Accelerate in April

Australian bullion sales in April jumped for products struck in silver and slowed for those minted in gold, the latest figures from The Perth Mint of Australia show.

A CoinNews photo showing both sides of two 2022 Australian Koala 1oz Silver Bullion Coins

The Mint’s bullion gains measured against tumbling precious metals with April LBMA prices dropping 1.6% for gold and 5.5% for silver.

Perth Mint Bullion Sales in April 2022

April sales of the Mint’s gold coins and gold bars reached 80,941 ounces, marking declines of 33.7% from March when sales ranked third best all-time and 20.2% from April 2021.

“Sales of gold products slipped after tracking higher for several months,” said General Manager Minted Products, Neil Vance. “Even so, there was immediate take up of our limited Dragon coins in the unusual bar-shaped format, for which we have a strong following.”

Year-to-date gold sales at 342,298 ounces are 20.8% lower than the 432,316 ounces sold in the first four months of last year.

Perth Mint sales in April of minted silver coins and silver bars totaled 2,119,491 ounces — the most since January, logging robust increases of 28.5% from March and 17.9% from April 2021.

“Demand continued to keep our silver production lines working at or near capacity for the month,” Vance said. “With less machine downtime, we managed to ship more product than each of the preceding two months”

The Mint’s year-to-date silver sales at 7,788,613 ounces are 21.9% higher than the 6,391,801 ounces sold during through the same period last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from April 2021 to April 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)
Silver gold
April 2022 2,119,491 80,941
March 2022 1,649,634 121,997
February 2022 1,632,323 72,651
Jan 2022 2,387,165 66,709
December 2021 1,733,293 54,861
November 2021 1,530,598 115,872
October 2021 1,352,275 59,750
Sep 2021 1,789,926 98,753
Aug 2021 1,467,229 53,976
July 2021 1,302,723 70,658
June 2021 1,823,029 72,910
May 2021 1,700,807 91.146
April 2021 1,798,210 101,379

Article Source : https://www.coinnews.net/2022/05/19/perth-mint-silver-bullion-sales-accelerate-in-april/

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