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Mint open to launching silver IPO as well

Wednesday, December 14th

Following the wild success of its $600-million initial public offering for gold exchange-traded receipts, which targeted retail investors, the Royal Canadian Mint is open to launching a similar product for silver.

Ian Bennett, the Mint’s chief executive officer, was in Toronto Tuesday morning to open trading on the Toronto Stock Exchange, and he sat down with The Globe and Mail to talk about what the Mint is up to. While much of the conversation centred on the latest deal, he did say that the Mint is mandated to operate “in anticipation of profit,” and it’s very clear that it;s bullion and refinery unit is driving business right now.

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