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Bullboard - Stock Discussion Forum Dundee Corp T.DC.PR.D


Primary Symbol: T.DC.A Alternate Symbol(s):  DNDPF | DDEJF | T.DC.PR.B | DNDEF

Dundee Corporation is a Canada-based holding company. Through its operating segments, the Company is a mining- focused investor primarily engaged in acquiring mineral resource assets. Its segments include Corporate and Other Portfolio Holdings; Goodman & Company, Investment Counsel Inc.; Dundee Sustainable Technologies Inc.; United Hydrocarbon International Corp., and Dundee 360 Real Estate... see more

TSX:DC.A - Post Discussion

Dundee Corp > Borborema gold project royalty
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Post by TheCount11 on Aug 31, 2023 11:05am

Borborema gold project royalty

Dundee will earn a net smelter return royalty equivalent to 1.50% on the sale of any product containing economically recoverable minerals obtained from ore mined and removed from the Borborema project. The 1.50% net smelter return applies to the first 1,500,000 ounces of gold sold, then is reduced to 1.00% on the next 500,000 ounces of gold. Once the production threshold of 2,000,000 ounces of gold from the Borborema gold project has been reached, the Royalty will terminate in accordance with its terms.

Any thoughts?  I like cashflow for Dundee.  Seems prudent from Dundees perspective.
Comment by Catscratch on Aug 31, 2023 2:36pm
Yes, I think a smart move and perhaps an interesting model to try to convert some their other mining interests into royalties or streams.  Mining streams and royalties trade at high valuations (Wheaton, Franco, Osisko, Sandstorm, Triple Flag etc). This deal certainly reduces risk for Dundee but raises the question... what will Dundee do with its cash now?  Previously the expectation was ...more  
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