Royal Canadian Mint celebrates year of remarkable financial performance

    




 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. 

Royal Canadian Mint


CONTACT:  Alex ReevesSenior Manager, CommunicationsTel: (613) [e-mail] 


    

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