Royal Canadian Mint Special Examination Report Completed

OTTAWA (ONTARIO), August 11, 2023 – The Royal Canadian Mint Special Examination Report by the Office of the Auditor General of Canada (OAG) was recently completed and accepted by the Mint’s Board of Directors. The OAG found no significant deficiencies in the Mint’s systems and practices, it did identify some areas of improvement, and issued recommendations that the Mint has already implemented or is in the process of implementing.

Under the Financial Administration Act, it is required that the Royal Canadian Mint, along with other Crown Corporations, undergo a special examination of their financial and management control and information systems, as well as management practices at least once every ten years.

“I am pleased that the office of the Auditor General concluded that the Mint is a well managed organization,” said Marie Lemay, President and CEO of the Royal Canadian Mint.  “The work to address the areas of improvement that were highlighted has already started, and is well advanced in many cases.”

As a Crown corporation mandated to operate “in anticipation of profit”, the Royal Canadian Mint is a diversified, competitive organization that generates significant value for Canada and Canadians. Over the last five years (2018-2022), it has generated $262.8 million in profit before income tax, as well as paid $189.6 million in dividends and $59.4 million in income taxes to Government of Canada.

The Royal Canadian Mint Special Examination Report can be viewed as of August 11, 2023.  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. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours.  As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services.  As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.

For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and Instagram.

For more information, media are asked to contact:

Alex Reeves
Senior Manager, Public Affairs
Telephone: 613-884-6370
reeves@mint.ca