Dundee Corporation reported strong net earnings in the third quarter of 2025, driven by royalty revenue from the Borborema Gold Project and investment gains in the mining portfolio. The acquisition of Maritime Resources by New Found Gold highlights the success of their long-term investment strategy. The company ended the quarter with a strong cash position and no debt. Net income from portfolio investments for the quarter was $84.0 million, with key drivers being fair value gains on investments in Saturn Metals and Ausgold. The company also participated in a private placement with Saturn Metals to advance the Apollo Hill Gold Project.

In the third quarter of 2025, the mining investments segment of Dundee Corporation reported net earnings before taxes of $91.4 million, with income generated from mining portfolio investments and equity accounted mining investments. The share of income from equity accounted investments was $9.0 million. The company also reported net income from its royalty interest in the Borborema Gold Project. In the corporate and others segment, the fair value of non-mining portfolio investments increased, driven by the investment revaluation of Dundee’s ownership in TauRx Pharmaceuticals Ltd. The mining services segment reported a pre-tax loss for the quarter.

Shareholders’ equity on a per share basis increased from $3.17 to $4.69 from December 31, 2024, to September 30, 2025. The unaudited interim consolidated financial statements for the third quarter of 2025 have been filed on SEDAR. Dundee Corporation, a mining-focused holding company listed on the Toronto Stock Exchange, aims to unlock value through strategic investments in mining projects globally. The company conducts due diligence to assess the merits and risks of each project to generate investment returns or collaborate with operating partners.

Read more at GlobeNewswire: Dundee Corporation Extends Strong Investment Performance