Dundee Precious Metals
Dundee Precious Metals is a gold production company known for its low production costs and significant free cash flow, producing 240,000 ounces of gold annually.
Gold Production
Dundee Precious Metals produces 240,000 ounces of gold annually. The company is recognized as one of the lowest cost gold producers in the industry. This efficiency contributes significantly to their strong free cash flow generation and consistently growing net cash position, which stood at $595 million as of December 31, 2023.
Exploration and Permitting
Dundee Precious Metals is engaged in aggressive brownfields exploration to discover and develop new resources. Notably, they have made a significant high-grade gold discovery at Čoka Rakita in Serbia. The company is also in the process of advancing permitting for the Loma Larga project in Ecuador, demonstrating their commitment to expanding their production capabilities.
Community Relationships
Dundee Precious Metals emphasizes the importance of fostering strong community relationships. By engaging with local communities and stakeholders, the company ensures sustainable and socially responsible operations. Their dedication to community relations is a core aspect of their operational strategy.
ESG Solutions
Dundee Precious Metals is noted for its industry-leading Environmental, Social, and Governance (ESG) solutions. The company prioritizes sustainable practices and ethical governance, making it a leader in the sector. This commitment to ESG is reflected in their operations and interactions with stakeholders.
Dividend and Share Buyback Program
Since initiating their quarterly dividend in Q1 2020, Dundee Precious Metals has doubled its dividend, illustrating a strong return for shareholders. Additionally, the company has enhanced its share buyback program. These financial strategies contribute to their attractive valuation and investor appeal.