Gold.com deal creates largest gold minting network in North America
NYSE-listed fully integrated asset platform Gold.com has announced it will soon offer an extensive range of precious metals, numismatic coins, and collectibles following the acquisition of leading manufacturer of precious metal mint products Sunshine Minting.
Sunshine Minting has been a long-standing supplier to Gold.com, however, the acquisition significantly expands Gold.com’s vertically integrated minting platform and increases total production capacity to more than three-million ounces of finished precious metals products a week across Sunshine Minting and Silver Towne Mint.
Concurrent with the deal, Sunshine Minting president James Meadows will become the CEO of the newly created Minting and Refining Division within Gold.com and retain his position as president of Sunshine Minting. Sunshine Minting CEO Tom Power will remain in a special advisory position to the company’s executive team.
Sunshine Minting has grown to have two large-scale minting facilities in Henderson, Nevada and Shanghai, China. The company is a globally recognised leader in the supply of high-quality blanks, coins and medallions, as well as a wide range of custom minted products with various finishes.
The company also manufactures legal tender bullion for several countries, serving governments, major marketing companies, financial institutions, corporations and private groups.
Also included in Gold.com’s acquisition of Sunshine Minting is Liberty Refining, which serves as Sunshine Minting’s primary refining services provider since 2007. Sunshine Minting acquired Liberty Refining in 2023 owing to its provision of ultrahigh-purity outturns to customers, with silver up to 99.99% purity and gold up to 99.99% purity.
Gold.com CEO Greg Roberts explains by combining the two businesses under one umbrella, one of the largest minting networks in North America will be created, whose expanded platform will enhance Gold.com’s ability to develop differentiated products, secure bullion supply during periods of strong demand and deepen relationships with the United States Mint and sovereign mints around the world.
Meadows added he is excited to take the helm at what the companies intend to be the most preeminent minting network in North America. “By bringing these two industry-leading mints together, we can better serve our customers and support the growing demand we are seeing across the global precious metals market.”
Gold.com initially acquired a 31.1% stake in Sunshine Minting in December 2020 before increasing its ownership to 44.9% in May 2021. The current all-cash transaction acquires the remaining 55.1% ownership take.
