Perth Mint Publishes Annual Report

Gold Corporation, which trades as The Perth Mint, has released its 2022-23 annual report, which reports a pre-tax profit of $52.67 million for the year to end June.

Net profit after tax was $36.83 million, and the full-year profit was built on historically high revenue of $23.19 billion. The report also notes delivery of $14.25 million in tax equivalents to the Mint’s owner, the Western Australian Government.

The Mint’s refinery processed 15.99 million ounces of gold and silver doré, down from 17.68 million ounces in the previous period – although, according to the report, its refinery processed approximately 78% of the newly mined gold doré produced in Australia in 2022-23.

Global sales reached 19.22 million collector coins, medallions, and minted bars, which were valued at $3.67 billion in total, with the leading markets continuing to be the US and Germany.