The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Gold from Agnico's Meliadine Mine poured into new Mint coin North of 60 Mining News – October 21, 2022
Nunavut-based workers with a gold bar poured at Meliadine.
The reverse of the coin with one ounce of 99.99% pure Meliadine mine gold features Walter Ott's detailed engraving of a Sugar Maple leaf, the hallmark of the Royal Canadian Mint's Maple Leaf family of bullion coins.
In response to an increasing number of precious metals investors wanting to know that the bullion they are buying is responsibly sourced, the Royal Canadian Mint has introduced its first gold bullion coin completely sourced from a single operation – Agnico Eagle Mines Ltd.'s Meliadine mine in Nunavut.
"Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint's first-ever single-source mined gold bullion coin," said Agnico Eagle Mines President and CEO Ammar Al-Joundi. "We have built a strong culture of responsible behaviour and have been responsibly developing Canadian mineral resources in Nunavut for more than 13 years. We strive to be a good employer and a good neighbour and we are proud of the value we bring to the local communities and society in general. We do believe that mining, when done right, can contribute to building a better world."
Featuring the recently passed Queen Elizabeth II, each C$50 coin contains one ounce of 99.99% pure gold from Meliadine.
The reverse of the Royal Canadian Mint's first single-source mined pure gold coin features Walter Ott's detailed engraving of a sugar maple leaf, the hallmark of the Mint's Maple Leaf family of bullion coins, surrounded by an array of precisely machined radial lines.
Beneath the maple leaf appears a micro-engraved maple leaf-shaped security mark engraved with the number 22, only visible under magnification, to denote the coin's year of issue. Adjacent to the security feature is a hand cradling a globe, symbolizing the single-source provenance of the coin's 99.99% pure gold.
"Precious metal investors have long trusted the Royal Canadian Mint for the market-leading purity and security of its bullion products," said Royal Canadian Mint President and CEO Marie Lemay. "By launching a new bullion coin made of gold sourced entirely from Agnico Eagle's Meliadine mine, we are also showing the market that we can offer bullion with the highest possible integrity, guaranteeing that it originates from a single Canadian mine."
The special 2022 Pure Gold Maple Leaf Single-Sourced Mine coin will soon be available through the Royal Canadian Mint's network of official bullion distributors.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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