Strong Quarter for Dundee Corporation Includes Inaugural Royalty Revenue

Core Insights - The company has begun recognizing revenue from its royalty interest in the Borborema Gold Project, marking the start of a new recurring revenue stream, which is expected to enhance cash flow and support growth initiatives [1] - The company ended the quarter with a strong cash position, no debt at the parent level, and a new royalty revenue stream, positioning itself for future growth and shareholder value enhancement [1] Financial Performance - Reported net income from all portfolio investments for Q2 2025 was $17.4 million, a decrease from $45.3 million in Q2 2024, with Saturn Metals Limited being a key contributor at $9.3 million [2] - For the first half of 2025, net income from portfolio investments totaled $45.6 million, down from $57.8 million in the same period of 2024 [2] - The mining investments segment reported net earnings before taxes of $27.1 million in Q2 2025, compared to $46.1 million in Q2 2024 [3] - The corporate and others segment reported a pre-tax loss of $6.8 million in Q2 2025, contrasting with earnings of $8.4 million in Q2 2024 [5] Investment Activities - The company participated in a $20 million private placement by Maritime Resources Corp., investing $8.8 million to acquire 117.3 million units [2] - The company also participated in a AUD$23 million private placement by Saturn Metals, purchasing 28.1 million ordinary shares for AUD$6 million [2] - Subsequent to Q2 2025, the company subscribed for AUD$2 million to acquire 3.5 million shares in Ausgold Limited as part of a AUD$35 million private placement [2] Shareholder Equity - As of June 30, 2025, the carrying value of mining investments was $121.7 million, up from $95.5 million in 2024 [8] - The total number of shares issued and outstanding was 89,953,187, with a shareholders' equity on a per-share basis of $3.67, compared to $3.17 in 2024 [10]