-- Dundee (DC-A.TO) after the close Thursday said it received exchange approval to renew its normal course issuer bid (NCIB) to buy back and cancel up to 6.4-million Class A shares over 12 months.
The company said the allowed amount is 10% of its public float of Class A shares. The NCIB runs from April 14 to April 13, 2027.
"The renewal of our normal course issuer bid reflects our commitment to disciplined capital allocation. We continually assess share repurchases alongside other opportunities to deploy capital as we execute on our strategy to identify and collaborate in the development of mining businesses," said Jonathan Goodman, president and CEO of Dundee.
Under Dundee's current NCIB, which expires on April 13, the company bought back 193,598 Class A shares of an allowed 6.44-milllion shares.
Shares of the company closed up $0.13 at $4.05 on Toronto Stock Exchange on Thursday.