The Toronto-Dominion Bank

The Toronto-Dominion Bank supplies raw precious metals—gold, silver, platinum, and palladium—to the U.S. Mint as a prime contractor under multiple indefinite delivery (IDIQ) vehicles, with all work performed at its facility in Ottawa, Ontario, Canada. TD Bank competes full-and-open with no set-aside designations, establishing itself as the federal government's single supplier to the Mint for these commodities.

TD Bank's federal footprint is entirely concentrated with the Department of the Treasury's United States Mint: all 238 awards across the past five years, totaling $13.67 billion in combined potential value, flow from this one customer. The vendor holds four primary IDIQ vehicles anchoring task order activity: a $10 billion silver raw material IDIQ (awarded June 2021, extending through December 31, 2040) supporting 75 delivery orders valued at $438.3 million; a $650 million platinum and palladium leasing IDIQ underpinning 23 delivery orders worth $670.2 million; a $201.1 million vehicle (TMHQ13C0069) generating 86 task orders; and a $709.3 million vehicle (2031JG21D00022) supporting 50 task orders. Representative work includes a $6.1 million firm fixed-price delivery order (March 2026) for raw gold material with a two-week turnaround, a $12.3 million silver raw material delivery order (October 2025), and a $49 million raw gold delivery (January 2025). Delivery orders typically execute in one-to-three-week cycles with immediate completion requirements, reflecting the Mint's operational needs for rapid precious metal procurement to feed coin manufacturing and bullion production.

Activity has declined sharply: 41 awards in 2022, 36 in 2023, 15 in 2024, 3 in 2025, and 1 year-to-date in 2026. This contraction may reflect a shift in the Mint's ordering cadence or consolidation of orders under existing IDIQ vehicles rather than a loss of the relationship; the source does not clarify whether underlying consumption has declined or ordering patterns have changed. Only $2.02 billion of the $13.67 billion combined potential value has been obligated, representing 15% utilization—typical for long-duration IDIQs where ceilings front-load capacity but actual spending lags. TD Bank's NAICS profile is dominated by precious metals manufacturing and refining (163 awards in All Other Miscellaneous Fabricated Metal Product Manufacturing, 51 in Nonferrous Metal Smelting and Refining), with all work classified under PSC Precious Metals Primary Forms. The vendor has no subcontractor role in the federal footprint; it operates as a pure prime supplier to the Mint.