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Dundee Precious Metals Inc. (T:DPM)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 1 Adelaide St E Suite 500
Tel: 1-416-2549
IR: See website
Key People
David Rae
President, Chief Executive Officer, Director
Mirco Nolte
Vice President, Operational Excellence
Hume D. Kyle
Chief Financial Officer, Executive Vice President
Kelly E. Stark-Anderson
Executive Vice President, Corporate Affairs, General Counsel and Corporate Secretary
Michael Ryan Dorfman
Executive Vice President - Corporate Development
Iliya Garkov
Vice President, Managing Director, Bulgaria
Zebra Kasete
Vice President, Managing Director of DPMT
Alex Wilson
Vice President of Human Resources
Mark Crawley
Vice President - Commercial Affairs
Nikolay Hristov
Vice President, Sustainability and External Relations
Business Overview
Dundee Precious Metals Inc. is a Canada-based international mining company. The Company is engaged in the acquisition, exploration, development, mining and processing of precious metal properties. Its operations are located in Namibia and Bulgaria, with exploration in Armenia, Bulgaria and Serbia. Its Chelopech mine is located in central-western Bulgaria approximately 70 kilometers east of Sofia and covers an area of approximately 266 hectares. Its Ada Tepe mine is located at Ada Tepe hill, approximately three kilometers south of the town of Krumovgrad in southeastern Bulgaria. It is an open pit mining operation comprised of a process plant, which employs conventional crushing, grinding and flotation processing for gold extraction. The Company, through Dundee Precious Metals Tsumeb (Pty) Limited (DPMT), operates the Tsumeb smelter in Namibia approximately 430 km north of the capital city of Windhoek.
Financial Overview
For the six months ended 30 June 2021, DundeePrecious Metals Inc revenues increased 4% to $312.8M. Netincome before extraordinary items decreased 6% to $88.2M.Revenues reflect Chelopech segment increase of 22% to$150.5M, Copper, Average Price per unit, Total increase of66% to $8950 per metric ton. Net income was offset by Other(income) expense increase from $389K to $6.6M (expense).Dividend per share increased from $0.04 to $0.06.
Employees: 2,030 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,440M as of Jun 30, 2021
Annual revenue (TTM): $767.38M as of Jun 30, 2021
EBITDA (TTM): $412.25M as of Jun 30, 2021
Net annual income (TTM): $239.32M as of Jun 30, 2021
Free cash flow (TTM): $206.82M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 192,485,175 as of Aug 3, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization