The Royal Canadian Mint’s 2023 $50 one-ounce Gold Maple Leaf (GML) is completely sourced from a single gold mine in northern Quebec “in response to continuing market demand for greater transparency about the origins of precious metals and to showcase its continually evolving refining capabilities,” according to the Mint.
In an Oct. 4 press release, the Mint says it has partnered with the world’s leading gold producer, Newmont Corporation, to introduce its newest GML, which will soon be available through the Mint’s official distributors.
“As a full-standing member of the London Bullion Market Association (LBMA) and an LBMA-accredited Good Delivery refiner, we adhere to high standards for responsibly sourcing the gold and silver we refine,” said Marie Lemay, the Mint’s president and CEO. “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 CEO. “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 2023 GML 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 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 per cent pure gold. The coin is also protected by Bullion DNATM technology.
The GML is encapsulated in credit card-style packaging, including a certificate of purity and authenticity signed by the Mint’s Chief Assayer.