07:10 AM EST, 11/17/2025 (MT Newswires) -- Dundee (DC-A.TO) late Friday afternoon reported an increase in its net earnings in the third quarter, helped by gains from royalty revenue from the Borborema Gold project.

For the three-months ended Sept. 30, the company reported net earnings attributable to owners of the corporation of $90.6 million or earnings per diluted share of $0.92, compared with $7.3 million or EPS of $0.07, a year earlier.

The company said the mining investment segment recognized royalty revenue of $0.7 million from the Borborema Gold project in Q3.

"This quarter, we delivered strong net earnings that reflected the first full quarter of royalty revenue from the Borborema Gold Project and substantial investment gains across our mining portfolio," said Dundee Chief Executive Jonathan Goodman. "With recurring cash flow now beginning to support our core cost base, we are in a stronger position to redeploy capital toward growth - reinforcing our ability to deliver sustained shareholder value."

Shares of the company closed down 0.3% at $3.32 on Friday on the Toronto Stock Exchange.