07:31 AM EDT, 03/26/2025 (MT Newswires) -- Dundee (DC-A.TO) overnight Tuesday said it swung to a loss in the fourth quarter.

The reported net loss attributable to owners of the company for Q4 was $8.2 million compared with a profit of $2.8 million, a year earlier. The company said Q4 net loss from all portfolio investments widened to $2.1 million compared with a loss of $0.8 million, a year-ago.

"As we move into 2025, our focus is increasingly on broadening Dundee's sources of cash flow. Development of the Borborema Project, where we hold an attractive royalty, is progressing well, according to its operator, Aura Minerals Inc., with ramp-up scheduled for early 2025 and commercial production expected in the latter half of the year," said Dundee Chief Executive Jonathan Goodman.

Shares of the company closed unchanged at $2.28 on Tuesday on the Toronto Stock Exchange.