The Perth Mint’s gold product sales fell 46.2% in December from the previous month, while silver sales slipped more than 31% during the same period, the refiner said on Thursday.
The Perth Mint, owned by the government of Western Australia, is the world’s leading producer of newly mined gold. It is also the largest refiner by volume in Australia, according to its website.
Each year, it processes nearly 75% of Australia’s newly mined gold, making it a significant player in one of the world’s top gold-producing countries.
Gold prices jumped more than 64% in 2025, setting a series of fresh record highs as worries over the economic impact of ongoing trade tensions, geopolitical uncertainties, and US interest rate reductions drove investors toward the safe-haven metal. Meanwhile, silver outperformed gold, climbing nearly 147% last year.
The Perth Mint’s sales of gold coins and minted bars fell to 35,885 ounces in December, from 66,710 ounces in November. On a year-on-year basis, sales were up about 13.1%.
Silver product sales fell to 597,873 ounces in December, compared with 875,487 in November. On a year-on-year basis, silver sales were down about 43.5%.
“December is traditionally a quieter period for precious metals as customers turn their attention to the holiday and festive season,” Neil Vance, Perth Mint’s general manager of minted products, said.
“In gold, minted bars performed strongly, reinforcing their ongoing appeal as a core investment choice during periods of market volatility.”
(By Ashitha Shivaprasad; Editing by Matthew Lewis)
