Mining-focused investment firm Dundee Q2 net income falls

Reuters
Aug 13
Mining-focused investment firm Dundee <a href="https://laohu8.com/S/QTWO">Q2</a> net income falls 

Overview

  • Dundee Q2 net income falls to C$19.9 mln, down from C$52.9 mln last year

  • Company starts recognizing revenue from Borborema Gold Project royalty interest

  • Dundee maintains strong cash position with no debt at parent level

Outlook

  • Company sees recurring revenue from Borborema Gold Project strengthening financial position

Result Drivers

  • ROYALTY REVENUE - Recognition of revenue from Borborema Gold Project royalty interest marks start of new recurring revenue stream

  • INVESTMENT GAINS - Investments in Saturn Metals, New World Resources, and Ausgold contributed positively to net income

  • CAPITAL ALLOCATION - Participation in private placements, including SPC Nickel and Maritime Resources, supports future growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

C$0.2

Q2 Net Income

C$19.90 mln

Press Release: ID:nGNX7rRb2N

(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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10