Royal Canadian Mint

  • Royal Canadian Mint
  • Monnaie royale canadienne
Company typeCrown corporation
IndustryCoin mintage
FoundedJanuary 2, 1908 (1908-01-02)
HeadquartersOttawa, Ontario, Canada
Number of locations
2[1]
Area served
Worldwide
Key people
Marie Lemay (master of the mint & CEO)
ProductsCoins
ServicesPrecious metal storage, assay, refinery and coin production
RevenueDecrease CA$3,282.5 million (2022)[2]
Decrease CA$45.574 million (2022)[2]
Increase CA$1.236 million (2022)[2]
Total assetsDecrease CA$380.2 million (2022)[2]
Total equityDecrease CA$138.430 million (2022)[2]
Number of employees
1,189 (2022)[2]
Websitewww.mint.ca Edit this at Wikidata

The Royal Canadian Mint (French: Monnaie royale canadienne) is the mint of Canada and a Crown corporation, operating under the Royal Canadian Mint Act. The shares of the mint are held in trust for the Crown in right of Canada.

The mint produces all of Canada's circulation coins,[3] and manufactures circulation coins on behalf of other nations. The mint also designs and manufactures precious and base metal collector coins; gold, silver, palladium, and platinum bullion coins; medals, as well as medallions and tokens. It further offers gold and silver refinery and assay services.

The mint serves the public's interest but is also mandated to operate "in anticipation of profit" (i.e., to function in a commercial manner without relying on taxpayer support to fund its operations).[4] Like private-sector companies, the mint has a board of directors consisting of a chair, the president and CEO of the mint, and eight other directors.

Traditionally, the president of the Royal Canadian Mint is known as the master of the mint. Since 2018, Marie Lemay has held that position. The board of directors, through the chair, is accountable to the Minister of Finance. The minister serves as the link between the mint, Cabinet and Parliament.

The mint was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc. from 2007 to 2010.[5]

  1. ^ "Visit the Royal Canadian Mint". Mint.ca. Retrieved December 23, 2017.
  2. ^ a b c d e f Annual Report 2022 - Minting for Tomorrow (PDF) (Report). Royal Canadian Mint. 2022.
  3. ^ "Canadian coins". Royal Canadian Mint's Official web site. Royal Canadian Mint. Retrieved November 22, 2011.
  4. ^ Haxby, James A. (1983). Striking Impressions. La Monnaie. ISBN 0-660-91234-1.
  5. ^ "Canada's Top 100 Employers". Mediacorp Canada Inc.