Canadian Mint to disclose sourcing data after report on cartel gold ties
The Royal Canadian Mint said it will begin disclosing country-of-origin sourcing by material type and add notes for mixed batches after a New York Times investigation suggested some refined gold may have originated from mines linked to a Colombian drug cartel. The Mint has suspended refining material from the supplier under scrutiny, and plans to publish the sourcing breakdown on its website once 2025 audited data is available. The move underscores reputational and supply‑chain risk for a major sovereign refiner and increases pressure for clearer industry-wide provenance standards. Market data on the page showed higher precious‑metals prices (gold futures ~$4,713/oz, +3.8%; silver futures ~$75.50/oz, +7.5%), highlighting elevated market attention to sourcing and ESG-related risks in the bullion market.