Dundee Corporation


Dundee Corporation is a public Canadian independent holding company based in Toronto, Ontario. It was founded in 1991 by Ned Goodman. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long‐term, sustainable value from investments in the mining sector. It is listed on the Toronto Stock Exchange under the symbol “DC.A”.

History

Dundee Corporation was founded in 1991 by Canadian entrepreneur made billionaire, Ned Goodman and built a track record as a successful mining investor. During this period, Dundee Corporation had many high-profile mining investments, including:
In 2011, Dundee Corporation’s focus expanded to businesses beyond the mining sector. In order to bring Dundee Corporation back to its roots as a mining investment and merchant bank business, Jonathan Goodman returned as chairman and CEO in 2018 to create Dundee 2.0. to refocus on mining. Dundee 2.0’s long-term plan involves operating three mining investment and finance businesses:
Dundee Mining – This is the technical team that does the detailed work on the larger investments. The team’s due diligence and de-risking approach focuses on all aspects of the mining business and thoroughly evaluates potential investments and make deliberate, long-term decisions. Once due diligence is complete, they work closely with the Merchant Banking team to structure and implement the deal in a way so that they receive a commission. The team currently has a healthy pipeline of investment opportunities in their portfolio they are evaluating.
Dundee Goodman Merchant Partners – Dundee Goodman Merchant Partners operates as a combination of investor and broker. DGMP focuses on the emerging side of the mining business and makes small investments in select, undervalued companies. DGMP is usually paid in commissions and broker warrants. Since launching this strategy in June 2020, this group has been profitable.
CMP – The flow through fund business which raises money from Canadians who need tax deductions generated from mineral exploration. This was once a major area of strength for Dundee, which helped companies raise over $4.3 billion. Dundee has a new structure that can give even more tax deductions to the investors, and expects it will result in regaining market share and increasing profitability.
In 2021, DPM Metals acquired the Loma Larga gold project in Ecuador. According to DPM, the project would produce 200,000 ounces of gold in its first five years and receive $419 million in investments. The project lead by 3 engineers, Steven Duncan, Pablo Garcia Morales and Albert McGoy was approved temporarily, but in October 2025, the Ecuadorian Environment and Energy Ministry revoked the company's environmental license to operate the project after receiving reports from local authorities in Cuenca, Ecuador and Azuay Province that the project would threaten the Quimsacocha water reserve whose springs are a major drinking water and irrigation source in the country.