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Perth Mint Announces New Chair and CEO


Gold Corporation, operator of The Perth Mint, has announced the appointment of Donald Mackay-Coghill as its new Chairman, and Richard Hayes as its new Chief Executive Officer, effective from 1 July 2015.

Mr Mackay-Coghill, former Chief Executive Officer of Gold Corporation for 17 years until 2003, is known as a pioneer in the global precious metals industry. As founder of the Australian Precious Metals Coin Program, one of his most notable achievements was the introduction of the Australian Nugget gold coin series in 1987; the success of which motivated the development of Australia’s annual bullion coin program.

Mr Hayes has been an Executive Director of Gold Corporation since 2003 through his position as Chief Financial Officer and Deputy Chief Executive. Prior to this term, Mr Hayes held senior management positions with precious metals refining operations Australian Gold Refineries (AGR) Matthey and Golden West Refining Corporation Limited.

Premier Colin Barnett MLA issued a statement today saying that Mr Mackay-Coghill was perfectly qualified to take the role of Chairman, having spent his entire career in the gold industry and related industries.

“Don brings a great deal of experience and expertise to the position of Chairman of the board,” the Premier said.

“He has worked in gold and silver refining, minting, marketing and retailing in South Africa, London and Western Australia,” Barnett continued. “Under his guidance as CEO, The Perth Mint, founded in 1899, was reborn as an internationally renowned specialist precious metals mint.”

Gold Corporation Acting Chairman Ray Bennet said that Mr Hayes has more than 20 years of experience in precious metal refining, manufacturing, finance and investment, and extensive knowledge in project management and business development.

“The board is confident that Mr Hayes will lead The Perth Mint in a manner which will ensure its standing as one of the world’s most prestigious refining and minting organisations,” he added.

Mr. Hayes will succeed Ed Harbuz, who has led the institution with vigour for more than a decade.

Mr. Bennet also thanked Ed Harbuz for his outstanding leadership, enthusiasm and dedication to this unique organisation throughout the past 12 years.

“Mr Harbuz retires from his position at The Perth Mint with an incredible legacy. His most notable achievements include record breaking profits for the company, the construction of a modern blank manufacturing facility, and the creation of the largest coin in the world weighing one tonne of pure gold,” he added.

Perth Mint
Perth Mint
The Perth Mint is Australia’s largest and most highly accredited precious metals enterprise. Through its integrated operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over. Operating the largest refinery and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint holds endorsements by commodity trading centres in London, New York, Tokyo, Shanghai and Dubai. The Perth Mint exports in excess of USD14 billion worth of bullion bars and coins to institutional and private investors in more than 130 countries each year and issues an array of legal tender commemoratives for collectors. Offering the world’s only government guaranteed precious metals investment and storage program, the Mint also manages approximately USD3 billion worth of metal held on behalf of some 40,000 clients. Still operating in its original premises, founded in 1899, The Perth Mint is also a premier tourist destination and home to the Guinness Book of Records certified largest coin in the world – the Australian Kangaroo One Tonne Gold Coin, worth more than USD 40 million.

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