The Perth Mint delivers strong results while completing major compliance uplift
Gold Corporation, trading as The Perth Mint, has reported an annual profit of $15.67 million before tax for 2024-25, demonstrating resilience amid challenging market conditions while successfully completing a comprehensive compliance program.
Despite continued soft demand for minted products due to historically high precious metal prices, the Mint delivered strong results across its diversified operations, with almost all business units achieving pleasing financial performance.
Gold Corporation non-executive Chair, Sam Walsh AO, described 2024-25 as a watershed year for the 126-year-old organisation.
"We've completed substantial process and governance improvements while maintaining profitable operations and positioning ourselves strongly for the future," Mr Walsh said.
A major milestone was reached with the completion of the Anti-Money Laundering Remediation Program, delivered ahead of schedule and under budget.
The financial regulator AUSTRAC formally concluded the Mint’s Enforceable Undertaking on 22 July 2025, recognising the enterprise had met its obligations and had strengthened its ability to identify, mitigate and manage the risk of criminal infiltration.
The remediation program enhanced customer processes, modernised technology systems and strengthened governance across the organisation, involving the remediation of almost 70,000 customer records.
The Mint's depository business reached new heights, with the value of precious metals in secure storage rising 40% to $10.4 billion, driven by gold prices exceeding $5,000 per ounce in Australian dollar terms.
The PMGOLD exchange traded product achieved all-time highs with a 26% increase in metal volume.
Strategic capital investments exceeding $40 million over recent years are delivering improved capacity and efficiency.
The refinery now consistently produces about six tonnes of precious metals products weekly, while coining division upgrades including new rolling mills and vacuum furnaces are enhancing safety and quality.
The Mint has commenced a program of works for its 22 state battery sites across Western Australia's mining regions, supported by government funding and extensive community consultation.
A new sustainability strategy focuses on environmental stewardship, employee wellbeing and responsible supply chain management.
The iconic Mint building in East Perth welcomed an estimated 250,000 visitors in 2024-25, exceeding pre-COVID levels and reinforcing The Perth Mint's status as a premier Western Australian tourist and retail destination.
Chief Executive Officer Paul Graham paid tribute to the Mint’s employees for their hard work that drove this result.
“We've established building blocks that honour our past while positioning us for future growth,”
“Our vision to achieve excellence across all aspects of the precious metals industry is becoming reality.
“A great example was our appointment as a global referee for the LBMA, just one of seven in the world, and also when the Mint won three of six categories for excellence in minting and coin production at the 2025 Mint Directors Conference.”
The Perth Mint continues its role as a vital link in Western Australia's gold industry, employing almost 700 people and serving customers globally from its Perth operations.
2024-25 AT A GLANCE
Revenue – $32.95 billion
Annual profit before tax – $15.67 million
Operating profit – $9.89 million (excluding ALM Remediation Program and state batteries)
Workforce – 691 individual employees
Total Recordable Injury Frequency Rate (TRIFR) – 5.92
Total refining volume – 561 tonnes
Global sales – 7.51 million collector coins, medallions and minted bars sold
Client investments - $10.4 billion of client metal on deposit at 30 June 2025
Visitors to The Perth Mint Gold Tour – 91,088
View The Perth Mint’s entire range of precious metals products and more at perthmint.com and connect on Facebook, LinkedIn, X and Instagram.
