Royal Canadian Mint
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| Crown corporation | |
| Industry | Coin mintage |
| Founded | January 2, 1908 |
| Headquarters | Ottawa, Ontario, Canada |
|
Number of locations
|
3 |
|
Area served
|
Worldwide |
|
Key people
|
Sandra Hanington (CEO) |
| Products | Coins |
| Services | Precious metal storage, assay, refinery and coin production |
| Revenue |
 CAD$ 3,375.2 million (2013) |
|
CAD$ 47.158 million (2013) |
|
| Profit |
CAD$ 36.230 million (2013) |
| Total assets |
CAD$ 458.421 million (2013) |
| Total equity |
CAD$ 303.187 million (2013) |
| Owner | Government of Canada |
|
Number of employees
|
Approx. 800 (2012) |
| Website | mint |
Coordinates: 45°25′53″N 75°41′57″W / 45.43135°N 75.699282°W
The Royal Canadian Mint (French: Monnaie royale canadienne) is a Crown corporation of Canada, 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, 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). 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. The current president is Ian E. Bennett, who was appointed to the position in June 2006 and was re-appointed to a further three-year mandate effective June 12, 2011. The Board of Directors, through the Chair, is accountable to the Minister of Finance (Canada). The Minister serves as the link between the Mint, Cabinet and Parliament.
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