Corporation achieves $3.2
billion in revenues and $43.8
million in pre-tax profits in 2011
OTTAWA,
May 7, 2012 /CNW/ - The Royal
Canadian Mint achieved a record $3.2
billion in revenues and pre-tax profits of $43.8 million last year, the Corporation's fourth
highest ever net income. All four of the Mint's business lines were
profitable in 2011, with its numismatics and collectibles business
achieving its best results ever and bullion posting the highest
sales of Silver Maple Leaf coins in the Mint's history.
"In 2011, the Royal Canadian Mint's sustained
agility continued to pay off, delivering stellar results once
again," said Ian E. Bennett,
President and CEO of the Royal Canadian Mint. "I would like
to thank all of our employees for their engagement, energy and
enthusiasm - across the Corporation, they have truly embraced our
vision to be the best mint in the world."
Other Notable achievements for the Royal
Canadian Mint in 2011 included:
- A dividend payment of $10 million
to its shareholder, the Government of Canada;
- The launch of the Canadian Gold Reserves' Exchange Traded
Receipts (ETRs) program on the Toronto Stock Exchange - the largest
initial public offering (IPO) in Canada during the year;
- Breaking ground in Winnipeg to
begin a $60 million expansion of the
Mint's plating facility, which will add 60,000 square feet and
increase plating capacity by two billion pieces a year;
- The production of 1.1 billion Canadian circulation coins and
the recycling of over 1 billion circulation coins in 2011;
- The production and shipping of 1.1 billion coins and blanks for
13 countries. Close to 95% of the coins produced for foreign
customers in 2011 used the Mint's cost-effective multi-ply plating
manufacturing process; and
- Celebrating a record 30 sell-outs of innovative collector coins
as well as the sell-out of two highly successful "20 for 20" pure
silver commemorative coins;
The Royal Canadian Mint, a thoroughly modern
Corporation, continues to seek new business opportunities in the
fast-changing global minting environment. It strives to meet its
vision to be the best mint in the world by continuing to
invest in research and development, new technologies and equipment
across all divisions of its business, as well as in ongoing efforts
to engage Canadians and customers around the world through relevant
coin themes.
To read more from the Mint's 2011 Annual Report,
entitled "From Main Street to Bay Street and Beyond", 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's history,
its products and services, please visit www.mint.ca.
SOURCE Royal Canadian Mint