Canadian mining firm Dundee's Q3 net income jumps on investment gains

Reuters11-15
Canadian mining firm Dundee's Q3 net income jumps on investment gains

Overview

  • Dundee Q3 net income rises to C$90.6 mln, driven by investment gains

  • Company reports first full qtr of royalty revenue from Borborema Gold Project

  • Dundee highlights Maritime Resources acquisition as validation of investment strategy

Outlook

  • Dundee sees strong cash position and no debt supporting growth initiatives

  • Company aims to redeploy capital towards growth and shareholder value

  • Dundee plans to seize new opportunities to enhance future cash flow

Result Drivers

  • ROYALTY REVENUE - First full quarter of royalty revenue from Borborema Gold Project contributed to strong earnings

  • INVESTMENT GAINS - Significant fair value gains from investments in Saturn Metals and Ausgold boosted net income

  • STRATEGIC ACQUISITION - Maritime Resources acquisition by New Found Gold validates investment strategy

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

C$0.92

Q3 Net Income

C$90.60 mln

Press Release: ID:nGNX28XqtX

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment