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It beats cash -- Australian miners build big gold stockpiles at Perth Mint amid record prices

Section: Daily Dispatches

By Jarrod Lucas
Australian Broadcasting Corp., Sydney
Friday, December 5, 2025

A prospector who amassed a fortune in Western Australia's mining industry after pegging ground covering some of Kalgoorlie's richest gold mines has no plans to sell large stockpiles of the metal being stored at the Perth Mint. 

Anton Billis, also known as Anthony, is a one-time bankrupt who remains a reclusive enigma in the resources sector.

... Dispatch continues below ...


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The 81-year-old is managing director of ASX-listed gold miners Tribune Resources and Rand Mining, which own a combined 49 per cent stake in the rich East Kundana joint venture. 

The Croatian-born prospector's combined shareholding in Tribune and Rand was this week worth about $141 million. 

Since 2005, the companies' combined share of production from Kalgoorlie mines such as Raleigh, Rubicon-Hornet and Pegasus has topped 1.33 million ounces -- a big chunk of which has been stockpiled at the mint. ...

... For the remainder of the report:

https://www.abc.net.au/news/2025-12-05/wa-gold-miners-building-up-massive-holdings-at-perth-mint/106078198

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