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Mundoro Capital Q1 Fee Income Edges Down, Jim Scott Returns as CFO

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Mundoro Capital (MUN.V) on Friday said fee income for the first quarter dipped slightly, and also announced a new chief financial officer appointment.

Mundoro Capital earned $0.7 million in fee income for the quarter ended March 31, 2026, a slight decrease from the $0.74 million in fee income for the prior year period. The decrease was due to lower option fee and operator fee income as well as a lower exchange rate.

The company advanced exploration areas primarily in Eastern Serbia, within the Timok Magmatic Complex (TMC), known for copper-gold deposits during the quarter. The area benefits from established infrastructure including well-serviced roads and grid power. Mundoro's licenses in this region are optioned to a BHP Group subsidiary.

Mundoro has appointed Jim Scott as its chief financial officer. Scott previously held the position from June 2022 to January 2025. He takes over from Mireia Cervera Medina, who is stepping down effective July 6.

Mundoro Capital shares closed down $0.015, to $0.425, on Thursday on the TSX Venture Exchange.

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