Visited winnipeg MINT The Mint produces all of Canada's circulation coins,[4] and manufactures circulation coins on behalf of other nations. The Mint also designs and manufactures: precious and base metal collector coins; gold, silver, palladium, and platinum bullion coins; medals, as well asmedallions and tokens. It further offers gold and silver refinery and assay services. The Mint serves the public's interest but is also mandated to operate "in anticipation of profit" (i.e., to function in a commercial manner without relying on taxpayer support to fund its operations).[5] Like private-sector companies, the Mint has a board of directorsconsisting 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 current president is Sandra Hanington, who was appointed to the position in 2015. The Board of Directors, through the Chair, is accountable to the Minister of Finance (Canada). The Minister serves as the link between the Mint, Cabinet and Parliament. The Mint was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc. for four consecutive years (from 2007 to 2010).[6] In March 2012 the Canadian Government decided to cease the production of pennies.[7]The final penny was minted at the RCM'sWinnipeg, Manitoba plant on the morning of May 4, 2012.[8] In April 2012, the Mint announced that it was developing MintChip, a digital currency[9] to allow anonymous transactions backed by theGovernment of Canada and denominated in a variety of currencies.