2022: Royal Canadian Mint Meets Expectations

The Royal Canadian Mint has published its results for 2022, stating that, whilst its financial performance was below 2021 levels, this was expected given the exceptional performance seen in 2021, and planned operational maintenance in 2022. The Mint still exceeded its financial goals for 2022, as set out in the Corporate Plan.

Revenue for the year at $38 billion was 9% below 2021. Gross profit at $170.3 million was 5% lower than in 2021, net profit of $34.9 million 35% lower and profit before income tax and other items was $45 million, 45% lower than $82.1 million in 2021. The Mint paid $40.7 million in dividends to its shareholder, the Canadian Government, compared with $78.9 million in 2021.

Circulating coins