Royal Canadian Mint

Office address: Royal Canadian Mint 320 Sussex Drive, Ottawa, Ontario K1A 0G8 
Website: https://www.mint.ca 
Year established: 1908 
Company type: mining 
Employees: 1,188 
Expertise: coin minting, coin design, bullion services, storage and refinery 
Parent company: Government of Canada 
CEO and key people: Marie Lemay, President and CEO 
Financing status: corporation 

The Royal Canadian Mint is a cornerstone of Canada's financial industry and is recognized as one of the largest mints in the world. It is owned by the Government of Canada and is tasked with minting high-quality and cost-effective circulation coins.  

History of Royal Canadian Mint 

It was established in 1908 and incorporated as a Crown corporation in 1969 under the Royal Canadian Mint Act. The Mint has become a global name in minting, gaining a reputation for crafting high-quality coins and bullions.  

Some milestones include: 

• the launch of gold Exchange-Traded Receipts (ETRs) in 2011 
• the production of the first bullion coin of pure gold sourced from a Canadian mine in 2020 
• the release of coins in 2023 bearing a new royal effigy after His Majesty King Charles’ accession to the throne 

Products and Services of Royal Canadian Mint 

The Royal Canadian Mint offers these products and services: 

• circulation coins: the Mint produces all of Canada's circulation coins and manages the coin supply 
• commemorative coins: these coins celebrate Canada's rich history, culture, and achievements 
• bullion products: the Mint produced the first gold and silver bullion coins with 99.99% purity: the Gold and Silver Maple Leaf bullion coins 
• coin recycling program: coins are recycled and redistributed in line with the Mint’s ESG principles 
• storage and refinery services: the Mint provides secure storage and advanced refining services for precious metals 
• educational resources: the Mint offers resources for those new to coin collecting and investing in bullion 
• Exchange-Traded Receipts (ETRs): offer a direct investment in physical gold and silver, backed by the Canadian government 

Culture at Royal Canadian Mint 

The culture at the Royal Canadian Mint is defined by its commitment to excellence, innovation, and sustainability. The organization fosters a collaborative environment where creativity and precision are paramount. The Mint's dedication to environmental stewardship and social responsibility is evident in its operations and products. 

The organization’s One Mint strategy focuses on Environmental, Social, and Governance (ESG) principles and Diversity, Equity, and Inclusion (DEI) initiatives. The Mint has also committed to becoming a carbon-neutral operation by 2030. 

About Royal Canadian Mint President and CEO Marie Lemay 

Marie Lemay, appointed as the President and CEO in January 2019, brings over 20 years of senior government leadership experience to the Mint. Her background in public policy and her tenure in various governmental departments have equipped her with a profound understanding of the economic and infrastructural development of Canada.  

Lemay holds a Civil Engineering degree from the University of Ottawa and a diplôme en administration publique from the École nationale d'administration publique.  

Future at Royal Canadian Mint 

The Royal Canadian Mint continues its commitment of producing high-quality coins and bullion products for the Canadian market. With a focus on environmental responsibility – it aims to reach carbon-neutral status in 2030 – the Royal Canadian Mint is a shining example of minting excellence worldwide.