The Perth Mint is expanding its capacity to take better advantage of surging demand for gold after it chalked up its second-biggest profit on record in another bumper year.

Read full story: http://au.news.yahoo.com/thewest/business/a/-/wa/8078375/perth-mint-to-expand-on-surging-gold-demand/

The Mint, which has doubled its capacity in the last three years, has been running at two or three shifts a day for most of the year to cope with demand as investors continued their flight to the perceived safe haven investment of gold.

With bullion closing above $US1315 an ounce in Sydney last night, the Mint’s owner, Gold Corporation, is tipping an even higher pre-tax profit of $20 million next year.