08:22 AM EDT, 10/23/2025 (MT Newswires) -- Dundee (DC-A.TO) said Thursday it has been successful in its appeals against certain reassessments issued by the Canada Revenue Agency (CRA).

The disputed assessments were for the 2014 tax year for Dundee and its subsidiary Dundee Resources. The Tax Court, which allowed the appeals, has referred the matter back to the Minister of National Revenue for reassessment on the basis that Dundee's filing position was correct, a statement said.

The company, which deposited $12.2 million with the CRA, while the appeals were ongoing, expects that amount to be refunded, along with interest minus some related liabilities.

"We are satisfied to have reached a collaborative resolution with the Canada Revenue Agency," said Lila Manassa Murphy, Dundee's chief financial officer. "This settlement provides closure to a long-standing matter and allows us to dedicate our full attention to advancing Dundee's core strategy of unlocking value for our shareholders through consistent returns and durable sources of cash flow."