Latest news with #MarieLemay
Cision Canada
26-06-2025
- Business
- Cision Canada
ROYAL CANADIAN MINT RANKED ONE OF CANADA'S BEST 50 CORPORATE CITIZENS BY CORPORATE KNIGHTS Français
OTTAWA, ON, June 26, 2025 /CNW/ - The Royal Canadian Mint has once again ranked among Corporate Knights' Best 50 Corporate Citizens in Canada. This year, the Mint has improved its ranking to fifth overall in this national corporate responsibility award. It also placed first among metal products manufacturers and second in both the Materials sector and the Metals & Mining industry. The Mint continued to be recognized for its sustainable revenue and investment, energy consumption and carbon emissions management, waste reduction, as well as paid sick leave, employee retention, and gender and racial diversity among executive management and Board positions. "Canada's 50 Best Corporate Citizens continue to set the bar in addressing some of our biggest challenges – from decarbonization, to economic inequities, to leadership ranks that still don't reflect the population as a whole. This is commendable performance, and it comes with many of its own rewards – including strong continued evidence of better financial returns on the part of leading corporate citizens," said Toby Heaps, CEO, Corporate Knights. "As an organization dedicated to minting with care, the Royal Canadian Mint is focused on delivering sustainable economic value for Canada in ways that are both socially and environmentally responsible," said Marie Lemay, President and CEO of the Royal Canadian Mint. "We are honoured that our efforts to operate responsibly are being recognized by Corporate Knights as valuable examples for industry peers and for Canada's business community." The Mint's recent successes along our sustainability journey, as well as the ways we can improve, are published in our 2024 Impact Report. About 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. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates sustainability practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. About Corporate Knights Corporate Knights Inc. is an independent Toronto-based media and research company. Its media division publishes the award-winning sustainable-economy magazine Corporate Knights, circulated in The Globe and Mail, The Washington Post, and The Wall Street Journal. Its research division produces sustainability rankings, research reports, and financial product ratings based on corporate sustainability performance. The Best 50 Corporate Citizens in Canada are selected from among all publicly traded, privately owned and Crown corporations with gross revenues of at least $C1 billion. The percentages of investments in and revenues derived from sustainable activities account for half of each company's score, while a comprehensive range of 23 other metrics also factor into the ranking. Some of these additional metrics are weighted relative to the scope of industry-specific impacts in relation to the overall economy. The ranking relies primarily on publicly available information and its methodology is fully transparent and quantitative.
Cision Canada
16-06-2025
- Business
- Cision Canada
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR 2024
OTTAWA, ON, June 16, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for 2024. These results provide insights into the Mint's activities, the impacts of market fluctuations on its businesses and its expectations for the next 12 months. "The Royal Canadian Mint's diverse and innovative team deployed creative solutions to the complex challenges of 2024," said Marie Lemay, President and CEO of the Royal Canadian Mint. "We capitalized on new opportunities, adapted to everchanging environments and positioned ourselves well for the changes ahead." The financial results should be read in conjunction with the Mint's annual report available at . All monetary amounts are expressed in Canadian dollars, unless otherwise indicated. Financial and Operational Highlights The financial results for 2024 were ahead of the financial target for 2024, set out in its 2024-2028 Corporate Plan, and lower than 2023 levels, as expected. The results were impacted by the continued softness in global bullion demand that started in the second half of 2023. The weaker performance of the Precious Metals business was partially offset by higher gold market pricing, with record highs in 2024, combined with higher foreign circulation volumes sold and a planned lower level of operating costs to support both the Mint's on-going operations and digital program and business transformation initiatives. Consolidated revenue decreased to $1,284.1 million in 2024 (2023 – $2,162.0 million). Revenue from the Precious Metals business decreased to $1,148.1 million in 2024 (2023 – $2,046.1 million): Volume for gold bullion decreased 43% while silver bullion volume decreased 36% year over year, to 567.5 thousand ounces for gold bullion (2023 – 989.1 thousand ounces) and 15.6 million ounces for silver bullion (2023 – 24.4 million ounces). Gold and silver market prices increased year over year by 22% and 21%, respectively. Revenue from numismatic product sales were fairly consistent year over year despite the strong sale of the monarch effigy products in 2023. Revenue from the Circulation business increased to $136.0 million in 2024 (2023 – $115.9 million): Revenue from Foreign Circulation increased 76%, year over year, a reflection of higher volumes sold in 2024 as compared to 2023. Revenue from Canadian circulation decreased slightly year over year mainly due to lower program fees, in accordance with the memorandum of understanding with the Department of Finance, partially offset by a higher volume of coins required to replenish inventories due to a decrease in deposits with financial institutions. Overall, operating expenses decreased 11% year over year to $119.5 million (2023 – $135.0 million) mainly due to planned reductions in consulting and workforce expenses. Cash decreased to $54.6 million (December 31, 2023 - $59.8 million). In 2024, the Mint declared and paid $5.0 million in dividend to its Shareholder, the Government of Canada, $4.0 million of which was in relation to the year ended December 31, 2023. Cash remains adequate to support the Mint's operations. As part of its enterprise risk management program, the Mint continues to actively monitor its global supply chain and logistics networks in support of its continued operations. Despite its best efforts, the Mint expects changes in the macro-economic environment and other external events around the globe to continue to impact its performance in 2025. 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 2024, please visit About 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. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This Earnings Release contains non-GAAP financial measures that are clearly denoted where presented. Non-GAAP financial measures are not standardized under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other corporations reporting under IFRS. This Earnings Release contains forward-looking statements that reflect management's expectations regarding the Mint's objectives, plans, strategies, future growth, results of operations, performance, and business prospects and opportunities. Forward-looking statements are typically identified by words or phrases such as "plans", "anticipates", "expects", "believes", "estimates", "intends", and other similar expressions. These forward-looking statements are not facts, but only estimates regarding expected growth, results of operations, performance, business prospects and opportunities (assumptions). While management considers these assumptions to be reasonable based on available information, they may prove to be incorrect. These estimates of future results are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Mint expects. These risks, uncertainties and other factors include, but are not limited to, those risks and uncertainties set forth in the Risks to Performance section of the Management Discussion and Analysis in the Mint's 2024 annual report, as well as in Note 8 – Financial Instruments and Financial Risk Management to the Mint's Audited Consolidated Financial Statements for the year ended December 31, 2024. The forward-looking statements included in this Earnings Release are made only as of March 6, 2025, and the Mint does not undertake to publicly update these statements to reflect new information, future events or changes in circumstances or for any other reason after this date.
Cision Canada
16-06-2025
- Business
- Cision Canada
Media Advisory - ROYAL CANADIAN MINT TO HOLD ANNUAL PUBLIC MEETING Français
OTTAWA, ON, June 16, 2025 /CNW/ - The Royal Canadian Mint's 2025 Annual Public Meeting will be hosted virtually and Canadians from coast to coast to coast are invited to tune in on Thursday, June 19, 2025 at 2:00 p.m. (EST). The Chair of the Royal Canadian Mint Board of Directors, Phyllis Clark, Mint President and CEO Marie Lemay, and Vice-President, Finance & Administration and Chief Financial Officer Francis Mensah, will share information on the Crown corporation's recent performance and its ongoing commitments to Canadians. Thursday, June 19, 2025 at 2:00 p.m. (EST) Zoom Webinar Register here to attend and to receive login information About 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. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. SOURCE Royal Canadian Mint (RCM)
Cision Canada
29-05-2025
- Business
- Cision Canada
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q1 2025 Français
OTTAWA, ON, May 29, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for the first quarter of 2025. These results provide insights into the Mint's activities, the impacts of economic uncertainties and trade barriers on its businesses and its expectations for the next 12 months. "Throughout the first quarter, the Royal Canadian Mint navigated the uncertainties of a challenging and unpredictable global market," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Our talented people invested a lot of time and energy over the last several months to evaluate the impact of U.S. tariffs and respond to the market volatility in a way that positions the Mint to withstand these headwinds over the long-term by adjusting our priorities and capitalizing on opportunities." To read the Mint's First Quarter Report for 2025, please visit The Mint's 2024 Annual Report, including its audited financial statements as at and for the year ended December 31, 2024, was submitted to the Minister of Finance on March 27, 2025, in accordance with the Financial Administration Act Section 50(1). As of the date of this earnings release, the Mint's 2024 Annual Report has not been tabled in Parliament and will not be available for public release until the tabling occurs. About 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. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram.
Yahoo
29-05-2025
- Business
- Yahoo
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q1 2025
OTTAWA, ON, May 29, 2025 /CNW/ - The Royal Canadian Mint (the "Mint") is announcing its financial results for the first quarter of 2025. These results provide insights into the Mint's activities, the impacts of economic uncertainties and trade barriers on its businesses and its expectations for the next 12 months. "Throughout the first quarter, the Royal Canadian Mint navigated the uncertainties of a challenging and unpredictable global market," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Our talented people invested a lot of time and energy over the last several months to evaluate the impact of U.S. tariffs and respond to the market volatility in a way that positions the Mint to withstand these headwinds over the long-term by adjusting our priorities and capitalizing on opportunities." To read the Mint's First Quarter Report for 2025, please visit The Mint's 2024 Annual Report, including its audited financial statements as at and for the year ended December 31, 2024, was submitted to the Minister of Finance on March 27, 2025, in accordance with the Financial Administration Act Section 50(1). As of the date of this earnings release, the Mint's 2024 Annual Report has not been tabled in Parliament and will not be available for public release until the tabling occurs. About the Royal Canadian MintThe 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. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. For more information on the Mint, its products and services, visit Follow the Mint on LinkedIn, Facebook and Instagram. SOURCE Royal Canadian Mint (RCM) View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
