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The Bullion Blog

The Royal Canadian Mint Launches New Single Mine Gold Bullion Coin

October 30, 2022

The Royal Canadian Mint is responding to consumer demand for transparency in the provenance of precious metals by introducing a gold bullion coin that is sourced entirely from a single mine. The 2022 $50 1 oz. 99.99% Pure Gold Maple Leaf Single-Sourced Mine bullion coin is made from gold extracted by Agnico Eagle at its Meliadine Mine in Nunavut, Canada, and refined by the Mint using a strict segregation protocol. This unique coin will soon be available through the Mint’s network of official bullion distributors.

“The Royal Canadian Mint is known for its market-leading purity and security in its bullion products, and as an LBMA-accredited Good Delivery refiner, we are also dedicated to responsibly sourcing gold and silver,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “By releasing a coin made of gold sourced entirely from Agnico Eagle’s Meliadine mine, we are demonstrating our commitment to offering bullion with the highest possible integrity and ensuring it comes from a single Canadian mine.”

The reverse of the coin features a detailed engraving of a Sugar Maple leaf by Walter Ott, which is surrounded by a series of precisely machined radial lines. Beneath the leaf is a micro-engraved maple leaf-shaped security mark with the engraving “22” to indicate the coin’s year of issue. This security feature is only visible under magnification. Next to the security mark is a privy mark of a hand holding a globe, symbolizing the single-source provenance of the coin’s 99.99% pure gold. The coin is also protected by Bullion DNATM technology.

The coin is packaged in credit card-style packaging with a certificate of purity and authenticity signed by the Mint’s Chief Assayer. Canada-based Agnico Eagle, which has been responsibly developing mineral resources in Nunavut for over 13 years, is the largest miner of Canadian gold and the third-largest gold producer in the world.

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