Management of the Reserve
Established in 1908, the Royal Canadian Mint is a commercial federal Crown Corporation backed by the Government of Canada. In anticipation of profit, the Mint produces circulation and numismatic coins for domestic and international markets. Through the Mint's technically advanced and respected refinery it is able to provide a range of services – from gold and silver refining to assaying and secure storage. Find out more about the Mint's precious metal expertise.
The issuance of Exchange Traded Receipts (ETR) is a natural expansion of the Mint's core business as a precious metals Custodian for several large financial institutions. It's a straight-forward initiative because every ETR is 100% backed by silver with no derivatives or other silver paper-based methods used to track the price of silver.
The Royal Canadian Mint began refining silver in 1911 to 99.9 purity. In the 1980s's, its refinery started refining 99.99 silver. The Mint produces Maple Leaf bullion coins, 100 oz silver bars and 1000 oz London Good Delivery bars - all struck with their purity. Every silver bar is struck with the Royal Canadian Mint hallmark, an internationally recognized guarantee of weight and purity.
The Mint is listed on the London Bullion Market Association's Good Delivery List for both gold and silver.
The Royal Canadian Mint is an ISO 9001-2008 certified company.