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