Dundee Precious Metals
Primary ticker: TSX:DPM
Stage of development: Development, Production
Primary minerals: Gold, Copper
Project to promote: Coka Rakita
Project location: Serbia
Website: https://dundeeprecious.com/
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. We are a growing, full-funded gold and copper producer, which is generating significant free cash flow, reinvesting in high quality growth and returning capital to shareholders via share buybacks and a regular quarterly dividend.
Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders.
Cash: USD$800
Debt: NA
Major shareholders:
Blacrock Inc. – 10%
First Eagle Investment Management – 7.7%
Helikon – 7.5%
Van Eck Associates Corporation – 6.7%
Dimensional Fund Advisors – 5.4%
Management ownership – 2%
Financials
Management Profile
John DeCooman: John DeCooman was appointed Executive Vice President, Corporate Development, effective June 10, 2024.
Mr. DeCooman has 30 years of experience relating to corporate strategy, finance, capital markets, investor relations, mergers, acquisitions and divestitures. From 2020 to 2023, Mr. DeCooman led the start-up of Sweetwater Royalties, a privately-held base and industrial minerals royalty company, as President and Chief Executive Officer. From 2009 to 2020, he was Senior Vice President, Business Development and Strategy at SSR Mining. He has also served in various analyst and investment capacities over a more than ten-year period in investment banking, as well as other corporate roles.
Mr. DeCooman holds a Bachelor of Science, Mineral Economics from The Pennsylvania State University, and a Master of Science, Mineral Economics from the Colorado School of Mines.
What is your rationale for taking part in 121 Mining Investment?
We are looking to engage with investors interested in a growing, well-funded gold and copper producer, generating significant free cash flow, reinvesting in high quality growth and returning capital to shareholders via share buybacks and a regular quarterly dividend.
What recent news would you like to highlight to investors attending?
February 19 – Dundee Precious Metals Reports Wide High-Grade Intercepts from the Dumitru Potok Prospect; Results include 190 metres at 2.07% Cu, 1.23 g/t Au and 12.19 g/t Ag
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete updated Loma Larga feasibility study
6 Months:
Provide update on ongoing 50,000-metre drill program at high grade gold and copper targets nearby our Coka Rakita project
12 Months:
Complete feasibility study for Coka Rakita and progress permitting to enable construction start-up in mid-2026.
What do you think makes your company such a compelling investment?
We are a precious metals growth business with a 10-year track record of delivering guidance, with high-margin operations, an organic growth pipeline and peer-leading capital returns.
What are the top 3 key investor takeaways?
1 – We are an efficient and reliable operator with a 10-year track record of delivery,
2 – We are advancing our Coka Rakita growth project, as well as several discoveries within 1.5 km of the planned project infrastructure,
3 – We have a very strong balance sheet and significant free cash flow generation, enabling us to fund growth while also returning capital to shareholders via a regular dividend and ongoing share buybacks.