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: | $1,133M as of Dec 31, 2023 |
Annual revenue (TTM): | $711.69M as of Dec 31, 2023 |
EBITDA (TTM): | $372.56M as of Dec 31, 2023 |
Net annual income (TTM): | $249.02M as of Dec 31, 2023 |
Free cash flow (TTM): | $260.16M 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 |