Royal Canadian Mint celebrates year of remarkable financial performance
06 Mai 2012 - 3:23PM
PR Newswire (Canada)
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)
949-5777reeves@mint.ca
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