Redemption Calculator
DETERMINE ETR ENTITLEMENT TO GOLD
PHYSICAL REDEMPTION
Based on above entitlement to gold calculation.
# of tubes of 1 oz GML coins (1 tube=10 GML coins):
= 1,919 fabrication fee =
$2,656.00
# of gold kilobars:
= 24,683 fabrication fee =
$3,857.76
# of London Good Delivery bars:
= 76,779 fabrication fee =
$800.00
PHYSICAL REDEMPTION TOTALS:
Physical Redemption Fee: | $72.67 |
Fabrication Fees: | $7,313.76 |
Total Fees: | $7,386.43 |
ETRs required for Gold products: | 103,381 |
ETRs to cover fees: | 267 |
Total ETRs required: | 103,648 |
Remaining ETRs: | -93,648 |
Cash for remaining ETRs: | ($2,592,176.64) |
ETRs representing less than 10 troy ounces of physical gold bullion will be paid in cash by the Mint at the NAV per ETR on the Redemption Date.
The gold price for redemptions will be determined by the Bank of Canada daily average USD/CDN exchange rate and the London PM Fix on the redemption date (the 15th of each month or, if not a business day, the next business day).
CASH REDEMPTION:
Based on above entitlement to gold calculation.
Approximate Cash Value: | $276,740.98 |
Cash Entitlement (95%): | $262,903.93 |
The cash redemption price (the "Cash Redemption Price") paid by the Mint will be equal to 95% of the lesser of (i) the volume-weighted average trading price of the ETRs on the TSX for the last five trading days prior to and including the Redemption Date, and (ii) the net asset value of the ETRs on the Redemption Date.
These are estimated figures. Actual values may differ.