Unearthed: Refining, Minting and More ft. Lorne Whitmore, Royal Canadian Mint

In this episode, hosts John Reade and Joe Cavatoni from the World Gold Council interview Lorne Whitmore, Managing Director Sales, Precious Metal Products and Services, Royal Canadian Mint, to discuss the comprehensive products and services that the Royal Canadian Mint provides across mining and refining, minting and vaulting. Whitmore dives into how the Royal Canadian Mint supports each facet of the supply chain and shares some of the key trends that are currently impacting its client base regarding demand for precious metals. He concludes the conversation by showcasing examples of the types of physical bullion in which one can invest.   [1:12] Whitmore shares information about the Royal Canadian Mint and its role in the industry. [6:00] Why the Royal Canadian Mint is seeing an uptick in new-end customers [11:14] The Royal Canadian Mint’s unique advantage for being in the vaulting business [25:26] Whitmore shares how the Royal Canadian Mint’s facilities are nimble to keep up with consumer demand [28:05] Whitmore shares a fun fact about gold.   Additional Resources: www.gold.org www.mint.ca Lorne Whitmore LinkedIn More on the L. M. Montgomery Commemorative Circulation Coin and other Royal Canadian Mint gold coins Ep 10 - Unearthed Tracing Gold from Mine to Vault ft. Marie Lemay and Rob Sargent, The Royal Canadian Mint Ep 9 - Unearthed: Physical Gold Market Dynamics ft. Philip Newman, Metals Focus   Notable Quotes: “We’re able to provide a global platform, which is increasingly important when people are looking for global liquidity with their investment products.” -Lorne Whitmore “Clearly the level of demand that we’re seeing for retail minted bullion products are not what they were in the heyday of 2020, through 2022, and parts of 2023– up until just after the banking crisis we did see a pickup, but prior to that I think the whole marketplace was seeing a little bit of a slow down and then things gradually sort of moderated, and they continue to be at more moderate levels of demand.” -Lorne Whitmore “Being a vaulter of those assets, it really does give us quite an interesting vantage point to observe not just the coin and bar business, but some institutionally driven collective vehicles.” -Lorne Whitmore “Obviously our core mandate is to provide circulation coinage for commerce, as well as the distribution of coins, which is so at the core of what we do. However, we have important roles to support the mining industry, as well as the financial services industry, through our refinery and through our products.” -Lorne Whitmore About World Gold Council We are a membership organization that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on X at @goldcouncil and LinkedIn.   Terms & Conditions | World Gold Council   ---   Unearthed : Affinage, monnayage et plus, avec Lorne Whitmore, de la Monnaie royale canadienne NOTES SUR L’ÉPISODEDans cet épisode, les animateurs John Reade et Joe Cavatoni, du World Gold Council, s’entretiennent avec Lorne Whitmore, directeur général des ventes, Produits et services de métaux précieux à la Monnaie royale canadienne. Ils discutent de la vaste gamme de produits et de services qu’offre la Monnaie royale canadienne dans le secteur des mines, de l’affinage, du monnayage et de l’entreposage sécurisé. M. Whitmore décrit la façon dont la Monnaie royale canadienne appuie de nombreuses facettes de la chaîne d’approvisionnement et présente certaines des grandes tendances qui touchent actuellement sa clientèle en ce qui concerne la demande de métaux précieux. Il conclut la conversation en donnant des exemples des types de produits