The Perth Mint has reported a record 2020-21 financial year with an underlying pre-tax profit of $56 million on turnover of $26.35 billion.
This is a record for The Perth Mint's 122-year history and cements the East Perth institution as one of Western Australia's largest exporters of gold and silver.
The Perth Mint has 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.
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.
Mines and Petroleum Minister Bill Johnston tabled the Gold Corporation's annual report in Parliament today. To view the report, visit https://www.perthmint.com
As stated by Mines and Petroleum Minister Bill Johnston:
"This is an outstanding result delivered by The Perth Mint and a credit to the more than 500 staff who have 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.
"It has also become one of the State's leading employers and a top three exporter."
As stated by The Perth Mint CEO Richard Hayes:
"Our record-breaking performance in 2020-21 was a credit to The Perth Mint's highly professional team who have risen to the challenges presented by the COVID-19 pandemic.
"The past financial year has been one of the most challenging the world has faced in many decades - but it also delivered unprecedented opportunities to further build The Perth Mint's reach and reputation across the globe."
