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On 3 May 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a nominal face value of $1 million and a metal value of over $3.5 million, referred to as a Big Maple Leaf. [ 5 ] [ 6 ] It measures 50 cm in diameter by 3 cm thick and has a mass of 100 kg , with a purity of 99.999%.
As a stunt to publicise the 99.999% pure one-ounce Canadian Gold Maple Leaf series, in 2007 the Royal Canadian Mint made a 100 kg 99.999% gold coin, with a face value of $1 million, and now manufactures them to order, but at a substantial premium over the market value of the gold. [3] [4]
Gold Fields – produced 2.2 million ounces of gold in 2013, down from 3.254 million ounces on the year ended June 30, 2012; 2011 production [82] roughly the same as 2010. [83] Its largest new mine has the potential to produce at a rate of 1 million ounces annually (though it produced 175,000 in 2009). [84]
Though typically not measured by pounds, seeing as 12 troy ounces equals a troy pound, and taking the current value of an ounce of gold as of Oct. 26, 2023, into account, a 1-pound gold bar would ...
A troy ounce equals 1.097 standard ounces, or about 10 percent more, and it’s the standard measure for the weight of gold. A pound is equal to 16 standard ounces, so even a small amount of gold ...
A Big Maple Leaf measures 2.8 centimetres (1.1 in) thick and 50 centimetres (20 in) in diameter and is 999.99/1000 pure. The obverse of the BML shows Queen Elizabeth II as she has appeared on Canadian coinage since 2003, [5] when Susanna Blunt's design became the third iteration of the queen's effigy to appear on coinage (the others were 1965 and 1990).
"Gold surged over 130%, from about $800 per ounce to $1,900 per ounce by 2011," Ebkarian says. Investors flocked to it for stability during uncertain times. Silver also performs well in recessions ...
The Brucejack mine is a Canadian gold and silver mine located 65 kilometres (40 mi) north of the District of Stewart in British Columbia. The mine is underground and is owned and operated by Newmont. [3] In 2020, the mine produced an output of 347,743 ounces of gold and 472,163 ounces of silver. [1]
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