Viewing entries in
Investment

InfiniGold launch Perth Mint Gold Token

Comment

InfiniGold launch Perth Mint Gold Token

InfiniGold have announced the launch of the Perth Mint Gold Token (PMGT), the first digital gold token on a public blockchain to be backed by government guaranteed gold.

The Perth Mint Gold Token (PMGT) is a digital token backed 1:1 by GoldPass™ certificates issued by The Perth Mint - the world’s largest refiner of newly-mined gold which is guaranteed by the highly rated sovereign entity, the Government of Western Australia.

Comment

REQ Report: The future looks bright for gold

Comment

REQ Report: The future looks bright for gold

Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).

The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.

Comment

ABC Bullion event explores global case for gold

Comment

ABC Bullion event explores global case for gold

The Gold Industry Group joined more than 600 investors, bullion and finance industry professionals and media to learn about the global case for gold at ABC Bullion’s sold out national conference in Sydney on Tuesday 20 August.

Pallion CEO Andrew Cochineas (ABC Bullion’s parent company) kicked-off the conference noting that the Australian gold industry was a true bright light in the Australian economic landscape with a record gold price combined with the competitive advantage of a weaker Australian dollar.

Comment

Diggers & Dealers Gold Wrap 2019

Comment

Diggers & Dealers Gold Wrap 2019

This year’s Diggers & Dealers was as good as gold as 2450 delegates descended on Kalgoorlie for mining’s biggest industry event.

Former Australian Prime Minister John Howard was a hit, gold shone throughout the three day program with GIG Directors Andrea Maxey and Stuart Tonkin taking to the stage, a focus on the image of mining created much discussion at our popular breakfast event with Deloitte, and Northern Star Resources claimed dealer of the year.

Comment

Klein to keynote at ABC Bullion Conference

Comment

Klein to keynote at ABC Bullion Conference

With gold breaking through AUD$2,000, the outlook for gold mining equities is immense. How can gold producers take advantage of this new gold bull market?

Jake Klein, Evolution Mining Executive Chairman, will provide the answer in his keynote presentation at ABC Bullion’s National Conference 2019: A Global Case for Gold.

Comment

Perth Mint’s $64 million gold icon debuts in New York City

Comment

Perth Mint’s $64 million gold icon debuts in New York City

The Perth Mint has unveiled Australia’s greatest gold icon in New York City for a rare one day event to celebrate the official launch of The Perth Mint Physical Gold Exchange Traded Fund (NYSE Arca: AAAU) on the New York Stock Exchange.

The one-of-a-kind Australian Kangaroo One Tonne Gold Coin is recognised by Guinness World Records as the largest coin ever created. Tipping the scales at 1,000kg of 99.99% pure gold, and measuring 80cm wide and 13cm deep, this masterpiece of precious metal engineering and craftsmanship is valued at more than AUD60million

Comment

First gold for Gruyere

Comment

First gold for Gruyere

Australia’s biggest new gold mine, Gruyere, reached a major milestone over the weekend pouring its first gold bar.

Located east of Laverton in Western Australia, the Gruyere Gold Project is a joint venture between Gold Road Resources and Gold Fields, which is expected to operate for the next 12 years and create 350 full time jobs.

Comment

Precious metals event to shine in Sydney

Comment

Precious metals event to shine in Sydney

Australia’s largest precious metals event, the Precious Metals Investment Symposium (PMIS), returns in October for its 10th year, bringing together explorers and producers, to bullion companies and other investment vehicles.

To be held on 24 to 26 October 2019 at the Sofitel Wentworth in Sydney, New South Wales, the Gold Industry Group (GIG) is an industry partner of the event for the 4th year, alongside member sponsors The Perth Mint, G4Si and ABC Bullion.

Comment

Explorers converge at annual conference

Comment

Explorers converge at annual conference

Last month’s RIU Explorers Conference was the biggest yet, with resources companies, brokers, funds, bankers, investors, government and suppliers come together to discuss exploration and production successes and opportunities.

Now in its 18th year, the conference featured a number of Gold Industry Group members.

Comment

Perth Mint expands Chinese market for Australian gold

Comment

Perth Mint expands Chinese market for Australian gold

The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).

As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.

Comment

Perth Mint gold app gives investors midas touch

Comment

Perth Mint gold app gives investors midas touch

The Perth Mint has launched an exciting new smartphone app – GoldPass™ – during the opening day of Precious Metals Investment Symposium 2018.

At the touch of a smartphone screen, GoldPass™ gives retail investors the unique ability to securely buy, store and sell gold via digital certificates. The app also allows the instantaneous transfer of gold to other approved GoldPass™ app users.

Comment

World’s greatest gold investors to descend on Perth for Precious Metals Event

1 Comment

World’s greatest gold investors to descend on Perth for Precious Metals Event

Attracting the who’s who among the globe’s greatest precious metals investors, Western Australia – which accounts for more than 70% of Australia’s overall gold production - has cemented itself as a major destination to explore and mine for the famous yellow metal.

With this in mind, Australia’s largest precious metal event, The Precious Metal Investment Symposium (PMIS), has this year pulled up stumps and relocated from Sydney to WA’s capital and world-renowned mining hub, Perth.

1 Comment

Inside the GFC: Q & A with Bron & Jordan 10 Years On

Comment

Inside the GFC: Q & A with Bron & Jordan 10 Years On

This month marks the 10 year anniversary since Lehman Brothers, one of the highest profile casualties of the Global Financial Crisis (GFC), went bankrupt in the United States.

We spoke to Gold Industry Group Company Secretary Bron Suchecki, who was working at The Perth Mint at the time, and ABC Bullion Chief Economist Jordan Eliseo, about their memories from that time period.

Comment

Taking Australian gold to wall street

Comment

Taking Australian gold to wall street

The Perth Mint recently launched the Perth Mint Physical Gold ETF (NYSE Arca: AAAU), the first exchange-traded fund with sovereign-backed gold trading on the New York Stock Exchange (NYSE).

AAAU is guaranteed by the Government of Western Australia, with shares exchangeable for delivery of a wide range of gold products.

Comment

Australia's most valuable gold coin unveiled

Comment

Australia's most valuable gold coin unveiled

The Minister for Mines and Petroleum, the Honourable Bill Johnston MLA, today unveiled Australia’s most valuable legal tender collector coin crafted by the historic Perth Mint.

One of a kind and valued at $2.48 million, the Discovery gold coin features argyle pink diamonds and is the Mint’s most exclusive and notable numismatic release to date.

Comment

Investing for a brighter future

Comment

Investing for a brighter future

Presenting to a crowd of 500 West Australian Mining Club members in May, Stuart Tonkin, Chief Executive Officer Northern Star Resources, began by ensuring their view of the gold industry’s future was seen through rose-coloured glasses.

As CEO of one of Australia’s largest gold producers and a Director on the Gold Industry Group Board, Stuart said future proofing the gold sector through investment in exploration was key to staying steady and maintaining current production levels. 

Comment

ABC Refinery gains Shanghai Gold Exchange accreditation

Comment

ABC Refinery gains Shanghai Gold Exchange accreditation

ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.

A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually. 

Comment

InfiniGold launches digital gold with The Perth Mint

Comment

InfiniGold launches digital gold with The Perth Mint

In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain.

InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold. 

Comment