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Dundee Corporation Extends Strong Investment Performance and Growing Royalty Revenue in Q3
Globenewswire· 2025-11-14 22:25
Core Insights - The company reported strong net earnings for the third quarter of 2025, driven by royalty revenue from the Borborema Gold Project and significant investment gains across its mining portfolio [1][2] - The acquisition of Maritime Resources by New Found Gold is seen as a validation of the company's long-term investment strategy, highlighting its ability to identify valuable assets [1][2] - The company ended the quarter with a robust cash position, no debt at the parent level, and a growing royalty revenue stream, positioning it for future growth [1][2] Financial Performance - In Q3 2025, the mining investment segment recognized royalty revenue of $0.7 million from the Borborema Gold Project, with Aura Minerals achieving commercial production on September 22, 2025 [2][4] - The reported net income from all portfolio investments for Q3 2025 was $84.0 million, a significant increase from $10.1 million in 2024, driven by fair value gains on investments in Saturn Metals and Ausgold [2][4] - For the first nine months of 2025, net income from portfolio investments was $129.6 million, up from $68.0 million in 2024, with key contributions from Saturn Metals and Ausgold [2][5] Equity and Shareholder Value - The company reported net earnings attributable to owners of $90.6 million for Q3 2025, compared to $7.3 million in 2024, resulting in earnings per share of $0.92 [9] - As of September 30, 2025, the carrying value of mining investments was $272.9 million, significantly higher than $144.4 million in 2024 [11] - The total number of shares issued and outstanding increased to 89,981,562 as of September 30, 2025, reflecting growth in shareholder equity [11] Segment Performance - The mining services segment reported a pre-tax loss of $0.1 million in Q3 2025, an improvement from a loss of $0.8 million in 2024 [8] - The corporate and others segment reported net earnings before taxes of $0.4 million in Q3 2025, compared to a loss of $2.0 million in 2024, driven by fair value increases in non-mining portfolio investments [6][7]
Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025
Newsfile· 2025-05-30 12:00
Core Points - Quimbaya Gold Inc. will participate in THE Mining Investment Event, a significant global mining investment conference, scheduled for June 3-5, 2025, in Quebec City, Canada [2][4] - The management of Quimbaya Gold Inc. will be available for investor meetings during the three-day conference [3] - The event aims to attract a global audience and facilitate discussions among industry leaders, showcasing innovations in the mining sector [4] Company Overview - Quimbaya Gold Inc. focuses on discovering gold resources through exploration and acquisition of mining properties in Colombia, specifically in the Antioquia Province [5] - The company is currently engaged in three projects: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio, and the Maitamac Project in Abejorral [5] Event Details - THE Mining Investment Event is an invitation-only conference designed to facilitate meetings between mining companies, international investors, and government authorities [6] - The event promotes diversity, equality, and sustainability in the mining industry through initiatives like Student Sponsorship and SHE-Co [7]
U.S. Gold Corp Announces Participation in THE Mining Investment Event, Quebec City, Canada, June 3-5, 2025
Prnewswire· 2025-05-29 12:47
Core Viewpoint - U.S. Gold Corp. will participate in THE Mining Investment Event, a significant global mining investment conference in Canada, from June 3-5, 2025, providing opportunities for investor engagement and discussions on industry developments [1][2]. Company Overview - U.S. Gold Corp. is a publicly traded company focused on gold and copper exploration and development, with a portfolio that includes the CK Gold Project in Southeast Wyoming, the Keystone exploration property in Nevada, and the Challis Gold Project in Idaho [3].