Royal Canadian Mint sales of Maples

According to the information just released by the Royal Canadian Mint, sales of Gold & Silver Maples are beating all records. Not only are Canadian Maple sales surpassing its own previous records, Gold Maple Leaf sales actually out performed U.S. Gold Eagles during the second quarter of 2013.

The Royal Canadian Mint just published its Q2 2013 Fiscal Report showing that it sold 403,000 oz of Gold Maples in the 13 week period ending on June 29th, 2013 compared to 165,000 during the same period last year. Furthermore, Silver Maple Leaf sales increased to 6.4 million Q2 2013 compared to 4 million in Q2 2012.
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Together, Silver Maple and Silver Eagle sales will hit between 68-71 million oz in 2013. This is an amazing figure as it represents 9% of total world silver production of 787 million ounces in 2012. Also, we must remember this 9% investment demand is just from these two Official Mints.
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... Demand for the Gold & Silver Maple Leaf coins have been so strong in the first three-quarters of 2013 that they have already beat the total figures for 2012:

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Total Silver Maple Leaf sales in the first nine months of 2013 were 19.7 million, surpassing the total 18.1 million for 2012. In addition, Gold Maple sales are already 12% higher at 867,000 oz compared to 772,000 oz for the total in 2012.

If this strong sales trend continues, we may see another ALL TIME RECORD in Silver Maple sales in 2013. In 2011, the Royal Canadian Mint sold 23.1 million Silver Maples which is only 3.4 million more than has been sold in the first three-quarters of 2013. ...

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Not only did Canadian Maple Leaf sales shatter all records in 2013, their percentage gain was twice as much compared to Silver Eagles. The Royal Canadian Mint just released their 2013 Annual Report and sales of their Silver Maples were the highest on record.

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According to the data released by the Royal Canadian Mint, there were 28.2 million Silver Maples sold in 2013. This is an astonishing figure as it was a 56% increase over the 18.1 million ounces sold in 2012.
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Canadian silver production declined significantly in the first two months of 2014 compared to last year. The huge drop off in production was due to the closure of two base metal mines and one primary silver mine in 2013.

Silver production in Canada declined from 119.5 metric tons (3.84 million oz) in January and February 2013, to 70 metric tons (2.25 million oz) in the first two months of 2014.

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... as the Royal Canadian Mint continues to ramp up sales of its Silver Maples, the country will have to import more silver to make up for the shortfall in domestic production.

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In a surprising update, Canadian Silver Maple Leaf sales for the first half of 2014 surpassed sales during the same period last year. According to the Royal Canadian Mint’s Q2 2014 Report, just released, sales of Silver Maples hit a new record of 15.4 million ounces in the first half of the year.
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Thus, 1H 2014 sales of Silver Maples are 10% higher than 1H 2013. ...

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“Sales of Gold Maple Leafs (GML) declined 37.8% to 709,200 troy ounces from 1,140,400 ounces in 2013 while the average price declined 10.2% to US$1,266.40 per ounce in 2014 from US$1,411.23 per ounce in 2013.”
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“In sharp contrast, sales of Silver Maple Leaf (SML) coins increased to 29.2 million ounces from 28.2 million ounces in 2013, establishing a record volume of sales for the second consecutive year. While the volume of coins sold increased 3.5%, the average silver price declined 19.7% from $US23.8 per ounce in 2013 to $US19.1 per ounce in 2014.
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