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Dundee Precious Metals Inc. (T:DPM)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 150 King Street West, Suite 902,
P.O. Box 30
TORONTO ON M5H 1J9
Tel: 1-416-3652549
Website: https://www.dundeeprecious.com
IR: See website
Key People
David Rae
President, Chief Executive Officer, Director
Nikolay Hristov
Vice President - Sustainability and External Relations
Navin Dyal
Chief Financial Officer, Executive Vice President
Iliya Garkov
Chief Operating 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
Sylvia Chen
Vice President - Finance
Zebra Kasete
Vice President, Managing Director, Tsumeb
Alex Wilson
Vice President - Human Resources
Mark Crawley
Vice President - Commercial Affairs
   
Business Overview
Dundee Precious Metals Inc. is an international gold mining company. The Company assets includes Chelopech Mine, Ada Tepe Mine, Coka Rakita, Loma Larga, Tierras Coloradas and Timok. The Chelopech Mine is an underground copper-gold mine located in Bulgaria, approximately 75 kilometers east of the capital city of Sofia. The Ada Tepe Mine is a high-grade, open-pit gold mine located three kilometers south of the municipality of Krumovgrad in southern Bulgaria. The Coka Rakita prospect is located three kilometers southeast of its Timok gold project and is 100% owned by the Company. The Loma Larga is an underground development project. The Tierras Coloradas concessions consist of four exploration licenses totaling 6,955 hectares (70 square kilometer), located in the province of Loja in southern Ecuador, near the border of Peru. The Timok gold project is a sediment-hosted gold deposit located in the central-eastern region of the Republic of Serbia.
Financial Overview
For the fiscal year ended 31 December 2023, Dundee Precious Metals Inc revenues increased 20% to $520.1M. Net income before extraordinary items increased 56% to $182M. Revenues reflect Ada Tepe segment increase of 55% to $251.3M. Net income benefited from Interest Income increase from $6.5M to $23.3M (income). Dividend per share remained flat at $0.16. Basic Earnings per Share excluding Extraordinary Items increased from $0.61 to $0.98.
Employees: 2,176 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,116M as of Dec 31, 2023
Annual revenue (TTM): $710.50M as of Dec 31, 2023
EBITDA (TTM): $371.94M as of Dec 31, 2023
Net annual income (TTM): $248.60M as of Dec 31, 2023
Free cash flow (TTM): $259.72M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 181,415,276 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization