In announcing the publication of its annual report, the Perth Mint stated that the 2023-24 financial year was a challenging one for the organisation.

Titled ‘Change’, the Royal Australian Mint’s 2023 annual report is aptly named for an organisation, and industry, that experienced multiple significant changes over the course of last year.

The Royal Dutch Mint has signed a multi-year agreement with Finland’s Ministry of Finance for the production, marketing, and distribution of circulation and commemorative euro coins.

Earlier this year, the US Mint published a proposal to abolish its Mutilated Coin Redemption Program, relating to the face value exchange of bent and partial coins. Further to the consultation, which concluded at the beginning of July, the Mint published a final rule detailing the permanent closure of the program.

The Mint of Finland (Suomen Rahapaja) is to cease operations and wind down in an orderly manner by next year, bringing to an end a 160-year business which first began minting coins in 1864.

The Royal Mint has published its latest annual report for the year ended 31 March 2024, noting total revenue of £1.4 billion – a 28% reduction from the previous year. In its report, the Mint noted that it had experienced challenges during the year, but it also emphasised the continuation of its five-year diversification strategy.

Uganda has become the latest African nation to look to gold as support for its currency, as the Bank of Uganda initiates a Domestic Gold Purchase Program with the objectives of building the country’s foreign reserves and minimising risks on reserves investments.

The Royal Mint has signed an exclusive distribution deal with RARCOA to grow its commemorative coin business in the US, and which is projected to turnover £100 million over the next three years.

The US Mint is seeking public comment on its announcement in the Federal Register that it plans to close its Mutilated Coin Redemption Program relating to the face value exchange of bent and partial coins.

The Royal Canadian Mint has published its annual report for 2023, noting a fall in revenue of 34% to C$2.162 billion and a reduction in profit by 52% to C$16.6 million. It has, however, noted a good start to the financial year despite decreased consolidated revenue.