Royal Mint plant for striking. This first phase of the mint was officially opened on 17 December 1968 by the royal attendance of Queen Elizabeth II, Prince Philip and their son Prince Charles. Originally there were fears that the Royal family would face protests because of the Investiture of Prince Charles as the Prince of Wales; however, such protests failed to materialise. The second phase of construction began in 1973 and included the addition of a means to mint coins from virgin metals completing the full minting process. Upon completion the final cost for the land, buildings and plant came to £8
Royal Canadian Mint "in anticipation of profit" (i.e., to function in a commercial manner without relying on taxpayer support to fund its operations). Like private-sector companies, the Mint has a board of directors consisting of a chair, the president and CEO of the Mint, and eight other directors. Traditionally, the President of the Royal Canadian Mint is known as the Master of the Mint. The president is Jennifer Camelon, who was appointed to the position in 2018. The Board of Directors, through the Chair, is accountable to the Minister of Finance. The Minister serves as the link between the Mint, Cabinet and Parliament.