Newmont partners with Royal Canadian Mint to create a new single mine gold maple leaf bullion coin
In response to continuing market demand for greater transparency about the origins of precious metals, and to showcase its continually evolving refining capabilities, the Royal Canadian Mint has partnered with the world’s leading gold producer, Newmont Corporation, to introduce its newest gold bullion coin completely sourced from a single mine. The 2023, $50 1 oz. 99.99 percent Pure Gold Maple Leaf Single-Sourced Mine bullion coin is entirely composed of gold from Newmont’s Éléonore gold mine in Northern Québec and is expertly refined by the Mint under a rigorous segregation protocol. This special gold bullion coin will soon be available through the Mint’s network of official bullion distributors.
“As a full standing member of the London Bullion Market Association (LBMA) and an LBMAaccredited Good Delivery refiner, we adhere to high standards for responsibly sourcing the gold and silver we refine,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “With this new single mine coin, made of directly traceable gold from Newmont’s Éléonore mine to our gold refinery in Ottawa, we are demonstrating continued excellence in terms of precious metal sourcing, refining and manufacturing.”
”As the world’s recognized sustainability leader in gold mining, Newmont is honoured to supply the gold for the Royal Canadian Mint’s Pure Gold Maple Leaf Single-Sourced coin from our Éléonore mine in Québec,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “Our employees at Éléonore and across the globe take great pride in demonstrating our stated purpose to create value and improve lives through sustainable and responsible mining. And it all begins with our people working safely and with integrity, every single day.”
The reverse of the mint’s newest 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. This central design is also surrounded by an array of precisely machined radial lines. Beneath it appears a micro-engraved maple leaf-shaped security mark containing the engraving of the number “23”, only visible under magnification, to denote the coin’s year of issue. Adjacent to the security feature is a privy mark of a hand cradling a globe, symbolizing the single-source origin of the coin’s 99.99 percent pure gold. The coin is also protected by Bullion DNATM technology.
This exceptional gold bullion coin is encapsulated in credit card-style packaging that includes a certificate of purity and authenticity signed by the Mint’s Chief Assayer. The Mint’s official bullion distributors will make this coin available in this single packaging format, as well as in tubes packaged in 500-coin boxes.
Newmont’s Éléonore mine is a state-of-the-art facility that is among the largest gold mines in Québec. Located in Eeyou Istchee on the traditional territory of the Cree Nation of Wemindji, Éléonore is a remote fly-in, fly-out operation that mines and processes ore from the rich Roberto deposit in the James Bay region of Canada. Having first achieved commercial production in 2015, Éléonore currently produces upwards of 260,000 ounces of gold per year. As the lowestemitting mine in the Newmont portfolio, Éléonore is powered exclusively by hydroelectricity and is world-class in terms of minimizing carbon intensity. The mine’s commitment to sustainable mining practices and strong community partnerships have earned Éléonore its reputation as a leading responsible operator.