The Royal Canadian Mint has just released its revenue totals for the 2012 fiscal year and the numbers are, overall, not quite as staggering as those from 2011. Canada’s national mint expects sales figures for 2013 to be astronomical, and if that country’s gold coin sales are anything like those of the U.S. Mint’s, who is on track to set records in a number of categories this year, then Canadian analysts’ expectations should be on target.
The Royal Canadian Mint recorded a total of $2.6 billion in revenue in 2012, with pre-tax profits totaling $40.7 million. Both of these figures represent a slight delcline from 2011, when total revenue was $3.2 billion and the sum of pre-tax profits was $43.8 million. However, the Royal Canadian Mint did manage to set an impressive annual record in the numismatic coin department.
Revenue for the numismatic coin segment of the Royal Canadian Mint surged 56 percent to a record $145.1 million last year, according to Royal Canadian Mint President and CEO Ian E. Bennett “In 2012, our ongoing efforts to innovate and diversify contributed to the Mint’s success with highest-ever numismatic sales and the launch of new products, such as our new Canadian Silver Reserves Exchange Traded Receipt. Our employees continue to surpass customer expectations while we remain at the forefront of new technologies and vision to be the best Mint in the world,” Bennett said.
Each segment of the Royal Canadian Mint’s revenue stream is listed below, along with the change between 2011 and 2012 listed in millions of dollars.
‘ 2011 2012 Change
Canadian Circulation 136.7 152.5 11.56%
Numismatic and Collectibles 93.0 145.1 56.02%
Foreign Coinage 34.0 30.3 -10.88%
Bullion and Refinery 2,895.7 2,255.4 -22.11%
Total 3,159.4 2,583.3 -18.23%
The Numismatics and Collectible segment released 136 new products in 2012, of which 60 achieved sell-outs at some point in the year. For 2013, the Royal Canadian Mint plans to issue more than 200 numismatic items.