Royal Canadian Mint Reports Record Sales for Collector Coins in Third Quarter Financial ReportBack to Listing
OTTAWA, ONTARIO – November 28, 2013 – Today, the Royal Canadian Mint reported the achievements of another strong quarter with an increase in consolidated revenues of 11.6% to $678.3 million in the 13 weeks ending September 28, 2013.
“The quarter’s sharp increase in revenue in a few of the business lines is due to the steadily growing demand for the Mint’s products in Canada, Europe, the United States and Asia,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint. “Our employees continue to meet our customer requirements with premium products, a testament to the Mint’s skill, talent and technology.”
The volume of Gold Maple Leaf (GML) sales increased 17.5% to 195 thousand ounces compared to 166 thousand ounces in the same period in 2012. Demand for Silver Maple Leaf (SML) coins continued to be very strong in the quarter with sales at near-record pace. Sales of SML coins increased to 6.7 million ounces from 4.8 million ounces in the same period last year.
Demand for numismatic coins continues to strengthen due to the Mint’s ability to develop coins of wide popular appeal as well as the popularity of coins produced with new technologies and embellished with special features such as ultra high relief.
The Mint released seven coins to commemorate the 75th anniversary of the creation of Superman™. Produced in 14KT gold, silver and cupronickel, the series included a $20 silver coin with a 3D achromatic hologram, the first time the technology has been applied to minting. The most popular coin, a $75 face value gold coin with a mintage of 2,000, sold out in six days.
Other notable Mint achievements in the third quarter include:
• The Mint issued 54 new numismatic coins during the quarter which resulted in 16 sell-outs;
• Subsequent to the end of the quarter, eight coins issued by the Mint in 2012 were nominated for Krause Publications’ annual Coin of the Year awards. The 25-cent face value “glow-in-the dark” Prehistoric Animals collector coin won for the Most Innovative Coin award category; and
• During the quarter the Mint completed the private placement of six million Gold Exchange-Traded Receipts (Gold ETRs) for gross proceeds of $91.0 million, which was used to purchase approximately 65.0 thousand ounces of gold bullion on behalf of the purchaser.
To read more of the Mint’s third quarter financial report, please visit www.mint.ca.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified company, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca.
For more information, please contact:
Senior Manager, Communications
Tel: (613) 949-5777