Royal Mint credits COVID gold rush and David Bowie for return to profit

Royal Mint credits COVID gold rush and David Bowie for return to profit

The Royal Mint has revealed how a leap in demand for investment in precious metals helped it deliver a return to annual profit, with the coronavirus crisis prompting a surge in prices.

The government-owned mint, based outside Cardiff, reported a pre-tax profit of £12.4m during the year to 31 March compared with losses of £0.2m over the previous 12 months.

Revenue rose 85% to just shy of £1.1bn.