Gold News

Record Year for Royal Canadian Mint Gold Coin Revenues

REVENUE from sales of Gold Coins by the Royal Canadian Mint rose to a record high last year, the RCM has revealed.

The RCM's bullion business, which includes the production and sale of Maple Leaf Gold Coins, saw its revenues grow by nearly 47% to just under C$2.9 billion. 

The RCM's numismatics and collectibles business also had a record year, with revenue growing 30% to C$93 million. A record number of silver and Gold Coins products sold out, with the RCM recording 30 sell-outs.

Despite the rise in revenues from silver and Gold Coins – driven largely by higher Gold Prices – the RCM saw its profits dip slightly, with pre-tax profits down 5.6% to C$43.8 million.

South of the border, the US Mint has seen its sales of silver and Gold Coins decline in the first months of 2012, with sales of Gold Investment coins in April down 81% from a year earlier.

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