Gold.com acquires Sunshine Minting in all-cash transaction

Gold.com (GOLD) announced the acquisition of Sunshine Minting. The acquisition expands Gold.com’s vertically integrated minting platform and increases total production capacity to more than three million ounces of finished precious metals products per week across Sunshine Minting and Silver Towne Mint. Concurrent with the transaction, Jamie Meadows, president of STM, will become the CEO of the company’s newly created Minting & Refining Division and retain his position as president of STM. SMI CEO and majority owner Tom Power is remaining with SMI as a special advisor to the executive team. Jason Trubey will continue to serve as president and COO of SMI, and Brent McCormick will become the COO of STM. Each has served as a critical daily operations executive for more than 10 years and provides stability and continuity to support the minting businesses in periods of peak demand. The company initially acquired a 31.1% stake in Sunshine Minting in December 2020 and subsequently increased its ownership to 44.9% in May 2021. The current all-cash transaction acquires the remaining 55.1% ownership stake.