how we serve global precious metals producers · 2019-07-26 · refinery service each year our...

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How we serve global precious metals producers

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Page 1: How we serve global precious metals producers · 2019-07-26 · refinery service Each year our Refinery processes more than 90% of Australia’s and over 10% of world gold production,

How we serve global precious metals producers

Page 2: How we serve global precious metals producers · 2019-07-26 · refinery service Each year our Refinery processes more than 90% of Australia’s and over 10% of world gold production,

A world leader in precious metalsTo ensure precious metals producers remain competitive in rapidly changing global markets The Perth Mint provides a continually expanding range of cutting-edge services and products.

Our commitment to supporting the industry has helped us become one of the largest and most efficient fully integrated precious metals enterprises in the world.

It’s at our state-of-the-art refinery where our trusted and comprehensive service begins. Here our staff equipped with technical and analytical expertise manufacture products worth more than AUD 18 billion, which we distribute to more than 130 countries annually.

Our key international markets include China, India, the Middle East, North America and Europe. In China, the world’s largest gold market, our branded gold kilo bars are now the most supplied brand of bars, as advised by the Shanghai Gold Exchange.

The Perth Mint’s unique integrated structure

Services Attractions Refinery

AssayTreasury

Marketing and distribution

Multi-award winning visitor experience

Perth’s premier jewellery destination

Collectables Numismatic coinsExtremely limited

edition collectables

Investment SolutionsPhysical products

(Bullion bars and coins, cast bars)Depository

Exchange traded productsGoldPass® digital app

UNIQUE STRUCTURE AND GUARANTEEThe relationship we have forged with miners, investors and a breadth of customers is at the heart of our global success. Thanks to a fully integrated structure, these relationships span the entire spectrum of the precious metals value chain as outlined in the diagram below:

Another feature that makes us unique in the world of precious metals is our comprehensive government guarantee. The Government of Western Australia, our sole owner, guarantees all our operations, undertakings and obligations under the Gold Corporation Act 1987. This provides clients with peace of mind and certainty gained from the knowledge that a highly rated sovereign entity is fully underwriting all our offerings.

For our producer clients this means we can:

• Ensure your metal is fully protected against loss under the provisions of the guarantee.

• Offer funding cost savings thanks to the Government of Western Australia’s extremely strong credit rating, while removing reliance on banks to finance metal in process.

• Provide cash flow certainty, which is invaluable to our clients.

Underpinning our suite of products and services is our 120-year history in precious metals management and process integrity, alongside our best practice risk management, governance and audit procedures.

Page 3: How we serve global precious metals producers · 2019-07-26 · refinery service Each year our Refinery processes more than 90% of Australia’s and over 10% of world gold production,

World-class refinery serviceEach year our Refinery processes more than 90% of Australia’s and over 10% of world gold production, with gold and silver refining capacities in excess of 800 tonnes and 900 tonnes per annum respectively.

Additionally we are Australia’s only gold and silver refiner, weight master and assayer, with accreditations from all five of the world’s major gold exchanges:

• The London Bullion Market Association (LBMA)

• New York Commodity Exchange (COMEX)

• Shanghai Gold Exchange (SGE)

• Tokyo Commodity Exchange (TOCOM)

• Dubai Multi Commodities Centre (DMCC)

As part of an elite group of refiners worldwide who are trusted to meet the highest of standards, we are committed to sourcing socially and environmentally responsible gold and silver doré.

Our reputation ensures global mining companies entrust us to refine their metal to the highest levels of purity, knowing we abide by the most rigorous environmental and safety standards throughout the entire process.

The certification we hold under the LBMA Responsible Gold Program proves our commitment to uphold the ethical gold and silver guidelines and standards set by the Organisation for Economic Co-operation and Development (OECD), the World Gold Council and Responsible Minerals Assurance Process (formerly the Conflict-Free Smelter Program).

Our expertise, structure and dedicated customer focus provides:

• Competitive pricing by virtue of economies of scale and low funding costs.

• Trusted service with fast and accurate outturns.

• A custom-built laboratory with leading assay technology and processing capability, allowing us to handle a wide range of feed types and purities.

• Experienced and responsive staff equipped to offer expert advice and innovative solutions to combat doré smelting, assaying or purity issues.

PROCESS TECHNOLOGYWe employ four main refining processes, the combination of which ensures the most cost-effective treatment of high and low-grade gold and silver sourced from the mining, manufacturing, industrial and jewellery sectors. These are:

• Miller chlorination.

• Electrolytic gold refining.

• Aqua regia digest refining.

• Electrolytic silver refining.

ASSAYING SERVICESOur specialised laboratory utilises the latest technology to offer quality assaying services with the highest standard of bullion analysis.

The advanced facility is expertly resourced with a team of highly trained chemists and technicians. Our specialists pride themselves on delivering fast, flexible and responsive service while providing consistent, reliable and accurate results.

The experienced team offers services such as:

• Bullion assaying.

• ICP base metal scans on doré (instrumental analysis).

• High purity precious metals.

• Concentrates and slag analysis.

• Onsite consultation to assist in technique development and troubleshooting solutions.

Electrolytic silver refining

Electrolytic gold refining

Assaying

Page 4: How we serve global precious metals producers · 2019-07-26 · refinery service Each year our Refinery processes more than 90% of Australia’s and over 10% of world gold production,

Our Treasury specialists provide world-class services to help mining and professional clients maximise returns while minimising risk.

Comprising experienced traders alongside sales and logistics professionals who have long-standing relationships with leading industry professionals, our team offers value-added solutions such as:

• Purchase of gold and silver at competitive prices by virtue of access to vast global liquidity.

• Direct distribution of physical gold into global markets.

• Forward pricing facilities and funding strategies.

• Location swaps.

• Consignment and leasing facilities.

PROMOTING AND MEETING GLOBAL DEMAND – INVESTMENT AND DEPOSITORY PRODUCTSWe offer a comprehensive suite of investment solutions with the aim of making precious metals appealing and accessible to diverse international markets. In our central bank grade vaults we safeguard wealth worth in excess of AUD 3 billion for clients ranging from individuals, trusts and pension funds through to financial institutions, central banks and sovereign wealth funds.

Treasury services

OVER THE PHONEModelled on a traditional service with personalised contact, the Depository Program is tailored to investors who wish to operate their gold, silver and platinum accounts by telephone or email.

perthmint.com/storage/depository-program

BUY AND STORE INDEPENDENTLY For investors who wish to store physical precious metals themselves, our bullion range comprises:

• Gold and silver minted bars

• Gold and silver cast bars

• Gold, silver and platinum bullion coins

Bullion products can be ordered online or by phone for secure delivery to an approved location of the investor’s choice. Alternatively they can be purchased over the counter in our bullion trading room.

perthmintbullion.com

EXCHANGE LISTED PRODUCTS

PERTH MINT PHYSICAL GOLD EXCHANGE TRADED FUND (NYSE:AAAU)Trading on the New York Stock Exchange (NYSE), AAAU is unique in the marketplace as the first gold ETF to have the precious metal held on behalf of investors guaranteed by a sovereign entity.

Designed to track the international price of gold in US dollars, it is available to Australian investors through an overseas share trading account.

aaauetf.com

ONLINE TRADING PORTALThe Perth Mint Depository provides a 24/7 online trading portal with live pricing for investors to buy, store and sell gold, silver and platinum.

perthmint.com/storage/depository-online

SMARTPHONE APP

GOLDPASS®

GoldPass® is a full service investment app that allows users to buy, store, sell and transfer physical gold via a 24/7 trading platform on their smartphone.

The physical gold backing each investor’s GoldPass® holdings is represented in the form of digital certificates within the app.

perthmint.com/goldpass

PERTH MINT GOLD (ASX:PMGOLD)Trading on the Australian Securities Exchange (ASX) under the code PMGOLD, Perth Mint Gold is a fully paid warrant on 1/100th of a troy ounce of physical gold.

Able to be accessed through a standard Australian share trading account, PMGOLD is structured to track the international spot price of gold in Australian dollars.

perthmint.com/storage/perth-mint-gold-asx

Page 5: How we serve global precious metals producers · 2019-07-26 · refinery service Each year our Refinery processes more than 90% of Australia’s and over 10% of world gold production,

For further information on our refinery services and competitive quotes, contact:

Perth Mint Refinery 131 Horrie Miller Drive Perth Airport Western Australia, 6105

Telephone: (08) 9479 9999 [email protected]