Royal Canadian Mint Reports Profits And Performance For Q3 2024

5 days ago · OTTAWA, ONTARIO – November 22, 2024 – The Royal Canadian Mint (the “Mint”) announces its financial results for the third quarter of 2024 that provide insight into its …

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FAQs about Royal Canadian Mint Reports Profits And Performance For Q3 2024 Coupon?

How did the Royal Canadian Mint perform?

“The Royal Canadian Mint achieved solid results despite a sharp downturn in the precious metals market, significant investments in its digital transformation, and a higher level of operating costs,” said Marie Lemay, President and CEO of the Royal Canadian Mint. ...

How does the Canadian Mint manage risk?

The Mint continues to mitigate potential risks as they arise through its enterprise risk management process. To read more of the Mint’s annual report for 2023, please visit www.mint.ca. The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. ...

What is the Royal Canadian Mint?

The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours. ...

What is the long-term strategy of the Royal Canadian Mint?

"The Mint's long-term strategy is designed to allow us to adapt to changes in our business environment, enabling us to capitalize on new opportunities to ensure that we are well positioned to continue delivering value for Canada and Canadians," said Marie Lemay, President and CEO of the Royal Canadian Mint." ...

How much money did the Canadian Mint Make in 2022?

Cash and cash equivalents decreased to $59.8 million (December 31, 2022 - $79.3 million). The Mint paid a dividend of $4.0 million to the Government of Canada in January 2024. Cash and cash equivalents remain adequate to support the Mint’s operations. (in millions) (1) Profit before income tax and other items is a non-GAAP financial measure. ...

How did the Mint perform in cyclical variances?

“While part of our business experienced cyclical variances, the Mint, with the support of its employees, delivered strong financial results and value to Canadians.” The financial results should be read in conjunction with the Mint’s annual report available at www.mint.ca. ...