from page 35 ... The Alloy Recovery Program (ARP) and coin recycling continued to enjoy profitable growth. Revenues from the ARP were $55.4 million in 2008 compared to $36.8 million in 2007, partially driven by a 133% increase in the volume of coins delivered to the Mint for recycling. The Mint’s revenues from ARP were protected from plummeting base metal prices by a strategic hedging program established in 2007; ...
Get those pure nickels while you can. Just think what they have done in the last couple years.
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw. Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony Passive Income blog
The ARP made a little over $18 million last year. They also have stopped and pulled their machines out of some coin processors. They are now going to start focusing on loonies and toonies.
My nickel yields are down to 5% (or 2 Ni coins per 40 coin roll). I am very surprised (and glad) to see the mint has not started recovering copper pennies yet. My Cu yields are typically 40%
RCM 2008 annual report is out
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Posted - 04/02/2010 : 19:11:39
