Dundee Corporation Reports Second Quarter 2026 Financial Results And Advances Its Mining Strategy

TORONTO, Aug. 11, 2026 (GLOBE NEWSWIRE) -- “The second quarter of 2026 was defined by execution,” said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “Following the closing of our $85 million strategic partnership with Westhaven Gold Corp. to advance the Shovelnose Gold Project (“Shovelnose”) and the Spences Bridge Gold Belt, our focus shifted to advancing the work programs that support our earn-in objectives. During the quarter, we made significant progress on Shovelnose through ongoing infill drilling, which has been progressing as planned and reinforces our confidence in the continuity and quality of the deposit. We have since commenced exploration drilling on several highly prospective targets across the broader Spences Bridge Gold Belt, demonstrating our commitment to systematically evaluate and advance the district’s potential.”

“The work underway at Shovelnose is detailed and methodical, providing the information required to better assess project risks and determine where additional capital can be most effectively deployed,” Mr. Goodman continued. “Together, the exploration, resource and engineering work underway is helping us evaluate the potential of the asset base while identifying the most compelling opportunities for future advancement that supports long-term shareholder value.”