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Royal Mint revenues soar

Credit: Yui Mok/PA Wire

The Llantrisant - based Royal Mint has notched up the highest revenues in its history after snapping up a greater share of the American silver market.

The 1,100-year-old coin manufacturer says overall company revenues lifted 39% to £360.6 million for 2015/16, as it capitalised on buoyant bullion trading.

It says overall operating profit stepped up by nearly a fifth to £13.1 million, compared to £11.4 million the year before.

It employs 900 at its South Wales site.

Significant growth in our bullion segment has without a doubt contributed largely to this success, but we have seen revenue growth of at least 17% in all three businesses - circulating coin, commemorative coin and bullion.

I am pleased to report too that we have exceeded all four of our ministerial targets for the third year in a row, operationally

– Adam Lawrence, Chief Executive

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Richard Edward from Llanelli Wetlands Centre explains how this flamingo chick is hatching over a period of a month.

Three other chicks were born at the centre earlier in July, with staff taking great care to make sure the eggs had a chance of producing healthy chicks.

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