In what is believed to be an Australian first, an ASX listed gold mining company will offer gold as a dividend payment.

Resolute Resources has launched a gold sales-linked dividend policy where shareholders can opt for either cash or gold if they have 5,000 shares or more.

The company has announced a final dividend of 1.7 cents per share for the financial year 2016.

The low Australian dollar and the swing towards gold as a traditional 'safe haven' against cash and bonds has put Australia's gold miners in a very strong position.

The precious metal is fetching around $1,750 ($US1,320) an ounce, a rise of around 25 per cent so far this year.

Resolute CEO and managing director John Welborne said part of the strategy was to elevate the gold industry beyond the mundane.

"The gold industry has promoted itself generally as a mundane industry in which people move dirt around in big yellow trucks," he said.

"But what all gold miners do is really a form of modern day alchemy; we take dirt and we turn it into bullion, and we want our shareholders to be a literal part of that."

Those choosing to receive their dividend in gold do so through a gold-account at the Perth Mint.

"The Perth Mint is a triple-A rated, government-guaranteed financial organisation and you can trade the gold, hold it, even have it turned into physical gold and the Perth Mint will deliver it to you."